Bernard Madoff's victims will soon recoup another $252 million from the trustee unwinding the swindler's firm, boosting their total recovery to $9.72 billion, Reuters reported. The latest payout by trustee Irving Picard was made possible by settlements in the second half of 2016 with people accused either of facilitating Madoff's fraud or withdrawing more money from his firm than they deserved. This included money from a settlement with the family of Stanley Chais, who prior to his 2010 death managed money for Hollywood clients like director Steven Spielberg, and was accused by Picard of excess withdrawals. Picard's eighth distribution started yesterday and will go to customers who once had 953 accounts at Bernard L. Madoff Investment Securities LLC. Checks will range from $271.80 to about $42.3 million.
