Business

Bernie Madoff Trustee Returns $355 Million More to Investors

Published

11 years ago

February 9, 2015

Bernard Madoff (Department of Justice photo)

NEW YORK (AP) — About $355 million distributed last week to investors cheated in Bernard Madoff’s Ponzi scheme means over half of allowable claims have been paid in full, the trustee recovering money for investors announced Monday.

Trustee Irving Picard said everyone with an allowable claim of less than $976,000 has been fully paid as well.

The latest distribution from money generated through settlements with feeder funds was the fifth major payout since Picard was appointed to oversee the recovery of money after Madoff’s December 2008 arrest. Madoff pleaded guilty to fraud several months later and was sentenced to 150 years in prison in North Carolina.

The money distributed Friday returned about 2.7 percent of the allowed claim in each individual account, the trustee said. The payouts ranged from $431 to $57.1 million, with the average being $330,000.

So far, Picard’s office has recovered over $10.5 billion, with more than $7.2 billion paid out.

Investors lost about $20 billion over several decades as Madoff distributed statements saying the money entrusted to him by several thousand customers had more than tripled in value.

Picard said the money recovered for investors has exceeded efforts made on behalf of victims in prior Ponzi schemes.

“Every distribution of recovered funds marks another significant step forward for the victims of Madoff’s Ponzi scheme,” Picard said.
Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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Seth Curry Makes Impressive Debut with the Golden State Warriors

Seth looked comfortable in his new uniform, seamlessly fitting into the Warriors’ offensive and defensive system. He finished the night with an impressive 14 points, becoming one of the team’s top scorers for the game. Seth’s points came in a variety of ways – floaters, spot-up three-pointers, mid-range jumpers, and a handful of aggressive drives that kept the Oklahoma City Thunder defense on its heels.

Published

4 days ago

December 4, 2025

Oakland Post

Seth Curry is a point guard on the GSW team.Photo courtesy of the Golden State Warriors.

By Y’Anad Burrell

Tuesday night was anything but ordinary for fans in San Francisco as Seth Curry made his highly anticipated debut as a new member of the Golden State Warriors. Seth didn’t disappoint, delivering a performance that not only showcased his scoring ability but also demonstrated his added value to the team.

At 35, the 12-year NBA veteran on Monday signed a contract to play with the Warriors for the rest of the season.

One of the most memorable moments of the evening came before Seth even scored his first points. As he checked into the game, the Chase Center erupted into applause, with fans rising to their feet to give the newest Warrior a standing ovation.

The crowd’s reaction was a testament not only to Seth’s reputation as a sharpshooter but also to the excitement he brings to the Warriors. It was clear that fans quickly embraced Seth as one of their own, eager to see what he could bring to the team’s championship aspirations.

Warriors’ superstar Steph Curry – Seth’s brother – did not play due to an injury. One could only imagine what it would be like if the Curry brothers were on the court together. Magic in the making.

Seth’s debut proved to be a turning point for the Warriors. Not only did he contribute on the scoreboard, but he also brought a sense of confidence and composure to the floor.

While their loss last night, OKC 124 – GSW 112, Seth’s impact was a game-changer and there’s more yet to come. Beyond statistics, it was clear that Seth’s presence elevated the team’s performance, giving the Warriors a new force as they look to make a deep playoff run.