People who lost money not by investing with Bernie Madoff directly but through outside financial firms were ruled ineligible for compensation by liquidation trustee Irving Picard. However, those so-called "third party" investors can now submit claims with a separate fund controlled by a Department of Justice-appointed administrator.
NOT FOR REPRINT
© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.