SIPC Has Pledged $534M To Madoff Victims: Trustee

By Brendan Pierson ( October 28, 2009, 4:47 PM EDT) -- The trustee in charge of liquidating Bernard L. Madoff Investment Securities LLC has announced that the Securities Investor Protection Corp. has so far committed to advance over $500 million to investors who lost money in the disgraced fraudster's massive Ponzi scheme. . . .

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