Bernard Madoff's victims will soon receive $2.48 billion to help cover their losses, by far the largest payout since the swindler's massive fraud was uncovered nearly four years ago.


The latest payout more than triples the total recovery to $3.63 billion, Picard said Thursday. Thus 1,074 customers with valid claims, or 44 percent of the total number, will be fully repaid, he added.

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