Victims of Bernard Madoff's Ponzi scheme will receive another $32.1 million under a new settlement over the swindler's ties to Cohmad Securities Corp, whose clients invested more than $1 billion with him, Reuters reported Friday. Irving Picard, the trustee liquidating Bernard L. Madoff Investment Securities LLC, on Friday announced that the settlement with the estate of former Cohmad Chairman Maurice "Sonny" Cohn, his widow Marilyn Cohn, and their daughter Marcia Cohn, who was Cohmad's chief operating officer. Though Cohmad is insolvent, Picard said that he plans to keep pursuing claims against six other individuals who received "substantial fees" for helping Cohmad raise money for Madoff. Read more.
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