NEW YORK: Bernard Madoff's former customers will soon see their total recovery approach US$14 billion, a court-appointed trustee said on Friday, as the dying swindler awaits a decision on whether the U.S. government will support his request to leave prison early.
Picard said 1,469, or 64per cent, of the 2,282 eligible customer accounts will have been fully paid following Friday's payout. Madoff pleaded guilty in March 2009 to 11 criminal counts and has served nearly 11 years of his 150-year sentence.A lawyer for Madoff requested his"compassionate release" on Feb. 5, saying the 81-year-old suffered from kidney failure and several other serious medical conditions, was confined to a wheelchair, and had fewer than 18 months to live.
Source: Law Daily Report (lawdailyreport.net)
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