For additional information on the Customer Fund, recoveries, distributions, and fees, please click here. On the day the news broke, I received a call from the Securities Investor Protection Corporation SIPC and was asked to serve as SIPA Trustee for the liquidation of Bernard L. Madoff Investment Securities LLC BLMIS.

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As of May 19, In the SIPA Liquidation of BLMIS, unresolved matters remain that require court determination. Until resolved, these matters require reserves. Required reserve for deemed determined claims: Sixth pro rata interim distribution of 8. Fourth pro rata interim distribution of 3. In the Bernard L. SIPC-committed advances will continue to increase as claims that are currently in litigation are allowed as a result of settlements or the conclusion of litigation.

According to the provisions of SIPA, SIPC is reimbursed for its advances to customers once each respective customer claim is fully satisfied. FOLLOW US ON TWITTER.

A MESSAGE FROM THE TRUSTEE'S CHIEF COUNSEL DAVID J. CUSTOMER FUND, including required reserves. Eighth pro rata interim distribution of 1.

APRIL 27, SIPA Trustee Files Seventeenth Interim Report. NOVEMBER 29, The United States Bankruptcy Court Approves a Recovery Agreement with Cohmad Securities Corp. NOVEMBER 18, United States Bankruptcy Court Approves Recovery Agreement with the Estate of Stanley Chais and Other Chais-Related Defendants. The eighth pro rata interim distribution of recoveries commences, which is approximately 1.

Cohn and Marilyn Cohn. The United States Bankruptcy Court for the Southern District of New York approved a global settlement — made in cooperation with the California Attorney General — with the defendants in Picard v.

The SIPA Trustee files a motion with the U. Bankruptcy Court seeking approval for a settlement with Cohmad Securities Corp. Bankruptcy Court seeking approval for a settlement with the Estate of Stanley Chais et. The seventh pro rata interim distribution of recoveries commences, which is approximately 1. SIPA Trustee files motion seeking approval for an allocation to the Customer Fund and a seventh pro rata interim distribution. Bankruptcy Court approves the recovery agreement with Dorado Investment Company, et al.

Bankruptcy Court approves the recovery agreement with Vizcaya Partners Limited, Asphalia Fund Limited, and Zeus Partners Limited. The sixth pro rata interim distribution of recoveries commences, which is approximately 8. Bankruptcy Court approves the recovery agreement with Thybo Asset Management Limited and Thybo Stable Fund Ltd. The SIPA Trustee announces a recovery agreement with Thybo Asset Management Limited and Thybo Stable Fund Ltd.

SIPA Trustee files motion seeking approval for an allocation to the Customer Fund and a sixth pro rata stockbroker misconduct settlement distribution. Schwartz, the court- appointed Receiver for Ariel Fund Limited and Gabriel Capital, L. Forex karachi rates SIPA Trustee files a motion in the U.

Bankruptcy Court seeking approval for a sixth pro rata interim distribution from the Customer Fund to BLMIS customers with allowed claims.

Court of Appeals for the Second Circuit upholds the United States Bankruptcy Court decision that claimants in the SIPA liquidation of BLMIS are not entitled to time-based damages. The fifth pro rata interim distribution of recoveries begins, which is approximately 2. SIPA Trustee files motion seeking approval for an allocation to the Gun stock for marlin 795 Fund and a fifth pro rata interim distribution.

SIPA Trustee files motion seeking approval for an allocation to the Customer Fund and a fourth pro rata interim distribution. SIPA Trustee files petition for writ of certiorari with the United States Supreme Court seeking review of lower court decisions regarding banks and their liability in the Madoff Ponzi scheme.

The third how to start trading the forex market rata interim distribution of recoveries begins, which is approximately 4. Bankruptcy Court for the Southern District of New York approves the SIPA Trustee's allocation and distribution motion for a third pro rata interim distribution of 4. Absent additional appeals, the settlement will be made available for distribution.

The second pro rata interim distribution of recoveries begins, which is approximately United States Supreme Court denies petitions for certiorari, thereby upholding net equity methodology in BLMIS liquidation. The settlement sum is equal to percent of the fictitious profits withdrawn by the Sterling parties during the six-year period prior to the BLMIS liquidation proceeding.

The first pro rata interim distribution to BLMIS customers whose claims have been allowed by the Trustee commences. The Bankruptcy Court approves the SIPA Trustee's motion for an initial pro rata interim distribution of 4. A RICO complaint is filed against the Medici Enterprise defendants, including Sonja Kohn, Bank Medici and related entities, including UniCredit and Bank Austria. The SIPA Trustee announces the continuation and extension of the Hardship Program to facilitate understanding of the financial circumstances of avoidance action complainants.

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The Honorable Judge Burton R. Levy, returning that amount of money to the Customer Fund. To avoid devaluation of a major asset an Embraer LegacyChapter 11 proceedings begin to secure full ownership of the BLMIS-owned BLM Air Charter LLC. The total amount of SIPC advances exceeds the half-billion-dollar mark.

Scott Sibley Investigated for Stockbroker Misconduct, Target of Pending FINRA Investigation

This amount now exceeds the total of all prior SIPC advances made since SIPA was passed by Congress in The Trustee files a lawsuit against Ruth Madoff, the wife of Bernard L. Lifland of the Bankruptcy Court for the Southern District of New York orders the substantive consolidation of the Estate of Bernard L.

Madoff into the SIPA Proceeding of Bernard L.

Madoff Investment Securities LLC. More than 8, claims forms are mailed to victims of the fraud, with instructions for filing by initial deadlines of March 4, and July 2, ; claims forms are also available for download from the Internet. The Trustee publishes notices in major newspapers to victims and creditors regarding the liquidation of BLMIS. District Court for the Southern District of New York appoints Irving H.

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Picard as SIPA Trustee for the liquidation of the Bernard L. Bernard Madoff is arrested by the FBI and criminally charged with a multi-billion-dollar securities fraud scheme. The SEC files a complaint in the District Court against defendants Madoff and Bernard L.