• Scott Martin

    Quick response to a reader question:

    “Any idea when the trustee plans to make payments?”

    Supposedly $780 million in SIPC aid has already been distributed. People suffering especially severe financial hardship in the trustee’s eyes were supposed to get their share of that money within 20 days of case review.

    The rest of the clients seem to be in a case-by-case mode while the Madoff estate liquidates and the various lawsuits resolve. As you probably know, there’s still a good $100 billion in litigation on the table as the trustee sues various Madoff partners and clients. It could take years.