Madoff victims set to receive $687M in new settlement

ByEyewitness News WABC logo
Wednesday, September 6, 2017
bernie madoff
Former financier Bernard Madoff exits Federal Court in Manhattan, New York on Tuesday, March 10, 2009.

NEW YORK (WABC) -- A new settlement will deliver more than $600 million to some of Bernie Madoff's victims.

Thema International, an Irish fund that invested all of its assets with Madoff, is set to receive $687 million.

An approval hearing in bankruptcy court is set for next month.

The trustee for the liquidation of Madoff's company recovered or reached agreements to recover more than $12 billion so far.