U.S. Attorney Preet Bharara called the settlement a “game changer” for Madoff’s victims

By Rick Taylor | December 17, 2010 |

The widow of a Florida philanthropist who had been the single largest recipient of Bernard Madoff’s colossal Ponzi scheme has agreed to return $7.2 billion in bogus profits to the victims of the fraud, she and authorities announced today. The trustee recovering money for Madoff’s ripped off  investors filed court papers formalizing the settlement with…

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