NEW YORK, Sept. 20 (UPI) -- The trustee handling the case of New York Ponzi scheme operator Bernard Madoff said he mailed $2.5 billion in checks to 1,230 victims this week.
Convicted swindler Madoff is serving a 150-year sentence in a federal prison in North Carolina. With $17.3 billion in losses, the fraud that lasted for more than a decade is often reported to be the largest in history.