NY judge OKs $405M payout to some Madoff victims

NEW YORK (AP) — A federal judge has cleared the way for investors who lost $1.2 billion to Wall Street swindler Bernard Madoff’s Ponzi scheme to receive $405 million in payouts.

via Yahoo! News – Latest News & Headlines http://news.yahoo.com/ny-judge-oks-405m-payout-madoff-victims-215904280.html