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Madoff Victims Get $568 Million Payout Five Months After Death

Bernard Madoff in 2009.

Bernard Madoff in 2009.

Photographer: Jin Lee/Bloomberg

Victims of Bernard Madoff’s massive fraud are about to get the first government payouts since the con man died behind bars five months ago, with a fund set up years ago preparing to send out $568 million in reimbursement checks.

About 31,000 investors worldwide will soon get payments derived from government settlements with some of Madoff’s oldest customers and his bank, JPMorgan Chase & Co., the U.S. Justice Department said Thursday in a statement. The DOJ, which set up the fund, said the disbursements will boost its total payouts to more than $3.7 billion.