Bernard L. Madoff Investment Securities LLC — Case Details（SIPC Cases & Claims）

Claims Supported by This Source

1. The liquidation of BLMIS began on Thursday, December 11, 2008, in the U.S. District Court for the S.D.N.Y., which is the valuation date for all claims. The court appointed Irving H. Picard as trustee. The case is pending in the U.S. Bankruptcy Court for the S.D.N.Y., case no. 08-01789-smb.
2. Claim deadlines: First deadline March 4, 2009 (for maximum protection from the trustee), final deadline July 2, 2009. The deadline is closed.
3. 2008-12-15: SIPC initiates liquidation proceedings and the court appoints a trustee / 2008-12-30: Statement on initial asset recovery / 2009-01-05: Trustee mails over 8,000 customer claim forms and publishes notice in major newspapers.
4. 2009-05-14–2009-10-28: SIPC's commitment for advances increases from $61 million → $116 million → $231 million → over $500 million. As of 2009-10-28, determined claims approach 3,000, and BLMIS payouts exceed the total for all 321 proceedings since SIPC's inception in 1970.
5. 2010-02-02: Hearing on "net equity" / 2010-12-17: Federal prosecutors announce an agreement to recover $7.2 billion from the Picower estate (announced as the largest single forfeiture recovery in U.S. history) / 2011-08-16: Appeals court upholds the trustee's "net equity" calculation / 2011-10-04: First interim distribution (approx. $312 million) / 2012-06-25: Motion for a second distribution following the Supreme Court's "net equity" decision.
6. 2012-09-20: $2.5 billion distributed, satisfying half of allowed claims; SIPC advances enable recovery of $9.1 billion / 2013-04-01: Cumulative total $5.44 billion / 2014-05-05: Cumulative total approaches $6 billion / 2015-02-09: Distributions reach 54% of losses / 2015-10-20: Sixth distribution brings total to nearly 57% of losses / 2015-12-04: Cumulative total approx. $9.16 billion.
7. 2017-02-02: Cumulative total approx. $9.72 billion / 2018-02-22: Cumulative total over $11.4 billion / 2019-02-22: Cumulative total over $12 billion / 2020-02-28: Cumulative total over $13.93 billion / 2021-02-26: Over $14.16 billion / 2022-02-25: Over $14.27 billion / 2023-02-24: Over $14.38 billion / 2024-02-23: Over $14.5 billion / 2025-02-28: Over $14.58 billion / 2026-02-27: 17th distribution of over $253 million, bringing cumulative total to nearly $15.38 billion (SIPC's headline cumulative total includes SIPC advances).
8. 2025-01-06: SIPC issued a statement welcoming the Department of Justice's final distribution of the remaining Madoff funds (the DOJ's distribution amounts are not on this page).
9. 2010-03-09: SIPC announced and warned about a fake "look-alike site" targeting Madoff victims.

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