Bernard L. Madoff Investment Securities LLC

Case Details

The liquidation of Bernard L. Madoff Investment Securities LLC commenced on Thursday, December 11, 2008, in the United States District Court for the Southern District of New York. This date, Thursday, December 11, 2008, is the filing date for which all claims are valued.

Trustee

The court appointed Irving H. Picard as Trustee. The Trustee's website is available at http://www.madofftrustee.com. You may contact the Trustee at:

(888) 727-8695

Case

The liquidation of Bernard L. Madoff Investment Securities LLC is pending in the United States Bankruptcy Court for the Southern District of New York before Judge Stuart M. Bernstein under Case Number 08-01789-smb

Case News

Thursday, July 05, 2018
Madoff Recovery Initiative Reaches Approximately $13.26 Billion In Recovered Funds

Aggregate Distributions Total Approximately $11.9 Billion

Wednesday, June 13, 2018
Madoff Trustee Reaches Recovery Agreement With Ascot Partners, Ascot Fund, J. Ezra Merkin, And Gabriel Capital Corporation

Settlement Delivers Immediate Benefit to BLMIS Customer Fund of $280 Million - Domestic and Foreign Madoff "Indirect" Investors to Receive Benefits from Madoff Trustee's Distributions to Ascot Partners

Thursday, February 22, 2018
Monday, February 12, 2018
Madoff Trustee Reaches Recovery Agreement with Alpha Prime Fund for $76 Million

Madoff Trustee Has Recovered or Reached Agreements to Recover More Than $12.8 Billion To Date in BLMIS Liquidation, More Than $10 Billion Distributed to Madoff Victims To Date

Monday, December 18, 2017
Madoff Trustee Requests Allocation of $1.3 Billion to Customer Fund and Court Approval to Immediately Distribute Approximately $584 Million to BLMIS Customers With Allowed Claims

Ninth Pro Rata Interim Distribution Will Bring Aggregate Customer Payout in Global Madoff Liquidation to Nearly $11.4 Billion

Wednesday, September 06, 2017
Madoff Trustee Reaches Recovery Agreement with Thema International - Settlement Delivers Immediate Benefit to Customer Fund of Approximately $687 Million

Madoff Trustee Has Recovered or Reached Agreements to Recover More Than $12.7 Billion To Date in BLMIS Liquidation; More Than $10 Billion Distributed to Madoff Victims

Tuesday, June 27, 2017
Tuesday, June 27, 2017
Madoff Trustee Announces Recovery Of More Than $23 Million In Assets From Settlement With The Estates Of Madoff Sons

Joint press release from the offices of Irving H. Picard, SIPA Trustee for the liquidation of Bernard L. Madoff Investment Securities LLC (BLMIS), and Stephen P. Harbeck, President and Chief Executive Officer of the Securities Investor Protection Corporation (SIPC)

Thursday, February 02, 2017
Wednesday, December 14, 2016
Madoff Trustee Requests Allocation of $342 Million to Customer Fund and Court Approval to Immediately Distribute Approximately $252 Million to BLMIS Customers with Allowed Claims

Eighth Pro Rata Interim Distribution Will Bring Aggregate Customer Payout in Global Madoff Liquidation to More Than $9.72 Billion

Thursday, May 26, 2016
Madoff Trustee Requests Allocation of $247 Million to Customer Fund and Court Approval to Immediately Distribute $171 Million to BLMIS Customers with Allowed Claims

Seventh Interim Pro Rata Distribution Will Bring Aggregate Customer Payout in Global Madoff Liquidation to more than $9.45 Billion

Friday, December 04, 2015
Tuesday, October 20, 2015
Madoff Trustee Requests Release of $1.5 Billion from Customer Fund

Supreme Court Decision Permits Request for Court Approval of Sixth Interim Pro Rata Distribution to Bring Aggregate Customer Payout in Global Madoff Liquidation to Approximately $9.13 Billion - Nearly 57 Percent of Losses Will Be Returned to Customers

Friday, June 19, 2015
Tuesday, March 24, 2015
Madoff Trustee’s Major Settlement with Defender Feeder Fund Shows Importance of "Clawback" Tool in Recovery Process

Work of Trustee Picard Praised in New $93 Million Recovery Agreement Illustrating Importance of Issues Addressed in Petitions Before U.S. Supreme Court

Wednesday, March 18, 2015
SIPC Joins Madoff Trustee in Petitioning U.S. Supreme Court to Overturn Roadblock to Recovery of Fictitious Profits

Securities Investor Protection Corporation Urges Reversal of Decision Impeding Return of Funds Owed to Victims of Madoff Scheme

Monday, February 09, 2015
SIPC: Distributions to Madoff Customers Now Covering 54 Percent of Losses

Madoff Trustee Irving H. Picard Announces Fifth Disbursement of $355.8 Million, Bringing Total to $7.2 Billion for Allowed Claimants

Monday, November 17, 2014
SIPC: $10 Billion Recovery Milestone Reached in Madoff Case with Feeder Fund Settlement

Herald Fund and Primeo Feeder Fund Recovery Agreement Adds Another $497 Million

Monday, May 05, 2014
SIPC: Nearly $6 Billion Now Distributed to Madoff Victims

Additional $351.6 Million Goes to Customers with Allowed Claims With Madoff Trustee�s Fourth Distribution.

Monday, April 01, 2013
SIPC: $5.44 Billion Now Distributed To Madoff Victims

Madoff Trustee's Third Distribution Sends Approximately $506.2 Million to Customers With Allowed Claims

Wednesday, February 13, 2013
Thursday, September 20, 2012
SIPC: $2.5 Billion Distributed To Madoff Victims, Covering Half Of Allowed Claims

SIPC Advances Used to Facilitate Recovery of $9.1 Billion for Customers

Thursday, July 26, 2012
Second Interim Distribution To Madoff Victims

Will Total Approximately $1.5 Billion-$2.4 Billion

Monday, March 19, 2012
SIPC Comments on Madoff Trustee's Settlement in Katz Case

Decision a Major Step Forward in Interest of Madoff Victims, Defendants Will Pay $162 Million to Trustee Over Five Years

Tuesday, October 04, 2011
Initial Interim Distribution Of Recovered Funds To Madoff Claims Holders

New Settlements Increase Initial, Interim Pro Rata Distribution to Approximately $312 Million

Thursday, July 28, 2011
Settlement Reached With Tremont Group, Second-Largest Feeder Fund Network In Madoff Ponzi Fraud

Cash Payments of more than $1 Billion to be made to BLMIS Customer Fund; Settlement Structure Facilitates Future Recovery Distributions to Feeder Fund Investors

Wednesday, May 04, 2011
Trustee For Liquidation Of Bernard L. Madoff Investment Securities Files Motion To Allocate Recovered Monies To The BLMIS Customer Fund And Return Stolen Monies To Customers

2.6 Billion to be Allocated to Customer Fund; Initial, Interim Pro Rata Distribution of Approximately $272 Million to BLMIS Customers; Appeals of Picower, Levy Settlements and Net Equity Prevent Larger Payments

Friday, December 17, 2010
Manhattan U.S. Attorney Announces Agreement To Recover $7.2 Billion For Victims Of Bernard L. Madoff'S Ponzi Scheme From Estate Of Jeffry M. Picower

Multi-Billion Dollar Settlement To Benefit Madoff's Victims Is Largest Single Forfeiture Recovery In U.S. History

Friday, December 10, 2010
Madoff Trustee, Charities Negotiating Settlements

Agreements Allow Charities to Continue Good Works

Sunday, May 09, 2010
Settlement Agreement Reached With Joint Liquidators Of Fairfield Sentry, Madoff'S Largest Feeder Fund

Settlement Significantly Increases Potential Future Recoveries and Customer Fund Payouts

Tuesday, March 09, 2010
SIPC Exposes Phony "Look-Alike" Web Site Targeting Madoff Victims

Victims, Other Investors Cautioned Against Providing Information Via Web Site; Bogus Claims Made About Recovering "$1.3 Billion Discovered in Madoff Hideout"

Wednesday, October 28, 2009
Major Milestone: Over Half A Billion Dollars Advanced By SIPC So Far To Madoff Customers

BLMIS Payouts Now in the Works Exceed the Total of All 321 Previous Proceedings Since Start of SIPC in 1970; In Madoff Case, the Number of Determined Claims Nears 3,000.

Wednesday, July 01, 2009
SIPC, Madoff Trustee Announce $231 Million In Funds Committed To Blmis Customers, With An Additional $2.741 Billion Authorized For Potential Future Recovery

Sum of Commitments Exceeds the Total SIPC Protection Extended in 11 Largest Liquidations; Trustee Picard Makes It Easier For Last-Minute Filers.

Tuesday, May 26, 2009
SIPC Supports $235 Million Settlment With Optimal In Madoff Liquidation

As of Memorial Day, Over $116 Million in Commitments Made So Far to Satisfy 237 Madoff Claimants

Thursday, May 14, 2009
SIPC: $61 Million in Commitments Made to Madoff Claimants, with $100 Million Level Expected to Be Reached by Memorial Day

Trustee Madoff, SIPC President Harbeck Provide Update on Liquidation Proceeding

Monday, April 27, 2009
Press Release Of Irving H. Picard

Trustee Announces Winning Bid Of Up To $25.5 Million For Madoff Market Maker Business

Thursday, February 19, 2009
Meeting Of Madoff Creditors To Take Place Friday

Special Toll-Free Phone Line Provided for Creditors Unable to Attend in Person

Monday, January 05, 2009
Tuesday, December 30, 2008
SIPC, Trustee Issue Statement on Initial Recovery of Assets in Madoff Liquidation Proceeding

Claim Form Mailing in Madoff Liquidation to Proceed on or before January 9, 2009

Monday, December 15, 2008