older investors

Supreme Court Won’t Review Madoff Payment Plan

Posted on 06/25/2012 by |Money and Work | Comments

Bulletin TodayBernard Madoff’s victims, some of them older investors who lost their life savings, can look forward to a payout sooner rather than later. But the amount won’t be what some were hoping for. The U.S. Supreme Court Monday declined to review how the trustee for Madoff’s victims calculated their losses, a decision that could help speed a payout of  nearly $2 billion, reports Bloomberg news. “After more than two years, this is excellent news for the hundreds of victims who have not …