Barbara and Jeffry Picower in 2005
By Diana B. Henriques
A scandal flush with superlatives added yet another on Friday with a $7.2 billion legal settlement, the largest single forfeiture in American judicial history, to benefit the victims of Bernard L. Madoff’s global fraud.
The total amount available for compensating Madoff victims is now just under $10 billion, far more than expected when Mr. Madoff’s Ponzi scheme — the largest ever — fell apart after his confession and arrest two years ago this month.
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