Madoff Trustee’s First Customer Payments Approved

Madoff Trustee’s First Customer Payments Approved Play

July 13 (Bloomberg) -- The first payments to customers of con man Bernard Madoff out of funds collected by a trustee for his firm won approval from a bankruptcy judge, more than 2 1/2 years after the Ponzi scheme collapsed. Trustee Irving Picard said in May he would initially pay $272 million to customers with approved claims, out of a $2.6 billion fund set up for Madoff investors. Deirdre Bolton reports on Bloomberg Television's "InsideTrack." (Source: Bloomberg)

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