Click here for Mobile Site: http://m.cbs2chicago.com
  • Font Size    
E-mail

Close Window E-mail This Page

First Reimbursement Checks Sent To Madoff Victims

Required fields are marked with an asterisk(*)

The information you provide will be used only to send the requested e-mail and will not be used to send any other e-mail communications. Read more in our Privacy Policy

Send E-mail

   Print     Share +    Comments
Mar 6, 2009 3:11 pm US/Central

First Reimbursement Checks Sent To Madoff Victims

NEW YORK (AP) ― A financial organization has sent out the first checks to reimburse victims of the Bernard Madoff scandal.

Stephen Harbeck of the Securities Investor Protection Corp. tells The Associated Press that the checks were sent to two investors on Friday.

The Securities Investor Protection Corp. is an industry-funded organization that steps in when a brokerage firm fails. It has been helping process hundreds of claims by investors hoping to recoup losses.

Investors are eligible for up to $500,000 from the organization, and have until July to file claims. Harbeck would not disclose how much money was sent to the first two investors to receive checks.

(© 2010 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)

Add Comment

here. here. Need a log in? Register here
  •  * Will not be displayed with comment
  •  * e.g. (http://www.mywebsite.com)
  •  
  • Click here to refresh with new letters

Show Comments (0)

Close Window Login


Close Window Flag Comment


loading...

© MMX, CBS Broadcasting, Inc. All Rights Reserved.