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Investments

4

Portfolio Exits

1

About Bernard L. Madoff Investment Securities

Bernard L. Madoff Investment Securities Headquarter Location

7520 Astoria Boulevard

Flushing, New York, 11370-1135,

United States

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Latest Bernard L. Madoff Investment Securities News

More money on way for Bernard Madoff victims, total payouts top $18 billion

Sep 16, 2021

09/16/2021 | 01:03pm EDT Message : *Required fields NEW YORK (Reuters) -Victims of Bernard Madoff's Ponzi scheme can expect to soon receive another $568 million to help cover their losses, the U.S. Department of Justice said on Thursday, boosting total recoveries above $18 billion. Payouts to nearly 31,000 victims will come from the Madoff Victim Fund, a $4.05 billion government fund set up in 2013 and overseen by former U.S. Securities and Exchange Commission Chairman Richard Breeden. Following the latest distribution, its seventh, the fund will have paid out more than $3.7 billion to individuals, schools, charities, pension plans and others. More than 42,000 claimants are eligible for payouts. The latest distribution boosts their recovery from all sources to 81.35% of their losses, the Justice Department said. Another $14.5 billion has been recouped for customers of the former Bernard L. Madoff Investment Securities LLC by the court-appointed trustee liquidating that firm in bankruptcy. Madoff was arrested in December 2008 after admitting his fraud to his sons, and one day after his firm's annual Christmas party. He pleaded guilty three months later to 11 criminal counts and was sentenced to 150 years in prison, where he died on April 14 at age 82. Most of the government fund came from a Justice Department settlement with Madoff's former bank JPMorgan Chase & Co, and a settlement between the trustee Irving Picard and the estate of former Madoff investor Jeffry Picower. The fund pays victims who lost money directly with Madoff, and third parties who lost money indirectly, such as by investing in "feeder funds." In contrast, Picard awards money only to former Madoff customers, who he has estimated lost $17.5 billion. (Reporting by Jonathan Stempel in New York; Editing by Bill Berkrot) By Jonathan Stempel

Bernard L. Madoff Investment Securities Investments

4 Investments

Bernard L. Madoff Investment Securities has made 4 investments. Their latest investment was in Oclaro as part of their Unattributed VC - III on March 3, 2007.

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Bernard L. Madoff Investment Securities Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

3/8/2007

Unattributed VC - III

Oclaro

$28.64M

Yes

2/13/2007

Unattributed VC - II

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$99M

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10

5/19/2006

Unattributed VC - II

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$99M

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10

Other Investors

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$99M

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10

Date

3/8/2007

2/13/2007

5/19/2006

Round

Unattributed VC - III

Unattributed VC - II

Unattributed VC - II

Other Investors

Company

Oclaro

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Amount

$28.64M

$99M

$99M

$99M

New?

Yes

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Co-Investors

Sources

10

10

10

Bernard L. Madoff Investment Securities Portfolio Exits

1 Portfolio Exit

Bernard L. Madoff Investment Securities has 1 portfolio exit. Their latest portfolio exit was Oclaro on December 10, 2018.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

12/10/2018

Acq - P2P

$991

5

Date

12/10/2018

Exit

Acq - P2P

Companies

Valuation

$991

Acquirer

Sources

5

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