Chase Manhattan Corp.
383 Madison Ave
Phone: (212) 270-6000p:212 270-6000 NEW YORK, NY  10179-0001  United States Fax: (302) 655-5049f:302 655-5049

This company was Merged or Acquired on 12/31/2000.
This is a Subsidiary, click here for the Parent Company

Madoff victims get $568 million payout after his death

Victims ofBernard Madoff ' s massive fraud are about to get their first payments from the government since the swindler died behind bars five months ago. A fund set up years ago is preparing to send $568 million in refund checks.

About 31,000 investors around the world will soon receive payments from government settlements with some of the oldest clients of Madoff and his bank, JPMorgan Chase & Co, the U.S. Justice Department said in a statement Thursday. The department, which set up the fund, said the payouts will increase its total payments to more than $3.7 billion.

"This office continues to seek justice for the victims of the largest Ponzi scheme in history," Manhattan U.S. Attorney Audrey Strauss said in the statement.

The U.S. fund is separate from the repayment process overseen by a trustee, Irving Picard, in federal bankruptcy court in Manhattan. Its litigation against customers who benefited from the scam has so far recovered more than $14.5 billion, most of which has already been returned to victims.


Related Businesses
- - Customer

Copyright © 2021 by (Ticker: CRMZ®). All rights reserved.  You are not permitted to use this report or the information contained herein for any purpose not expressly permitted by, Inc. Except as expressly permitted by, Inc., you are not permitted, in whole or in part, to copy, alter, correct, adapt, translate, enhance, lease, sell, sublicense, assign, distribute, publish, otherwise make available to any third party, or prepare derivative works or improvements of this report or any of the information contained therein. You are not permitted to reverse engineer, disassemble, decompile, decode, or adapt the software, algorithms or other processes used to prepare this report, or otherwise attempt to derive or gain access to the source code of same. You agree not to remove, alter, obscure, combine or otherwise change any disclaimers, trademarks, copyrights, other intellectual property rights, proprietary rights, or other symbols, notices, marks, or serial numbers on or relating to any copy of the report or on marketing or other materials that, Inc. may provide to you. You will not use this report in any manner or for any purpose that infringes, misappropriates, or otherwise violates any right of any party, or that violates any applicable law.  
The FRISK® scores, agency ratings, credit limit recommendations and other scores, analysis and commentary are opinions of, Inc. and/or its suppliers, not statements of fact, and should be one of several factors in making credit decisions.  Any reliance you place on the information in this report is strictly at your own risk. Except as expressly provided by, Inc., no warranties or representations of any type, including without limitation of results to be obtained, merchantability or fitness for a particular purpose, are made concerning any part of, Inc.’s service, including without limitation the FRISK® scores.  The information published above has been obtained from sources CreditRiskMonitor considers to be reliable., Inc. and its third-party suppliers do not guarantee or validate the accuracy and completeness of the information provided in this report, the underlying information input to create the FRISK® scores, and specifically do not assume responsibility for not reporting any information omitted or withheld.  By using this website, you accept the Terms of Use Agreement
Contact Us: 845.230.3000
Fundamental financial data concerning public companies may be provided by Refinitiv (click for restrictions)
Tuesday, October 26, 2021