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NEW YORK — A trustee recovering money for investors who lost billions of dollars through Wall Street swindler Bernard Madoff’s dealings said he has secured more than a billion dollars through settlements with associates of the second-largest feeder fund group to invest with Madoff.
Trustee Irving Picard announced Thursday the settlement will boost recoveries of money available to jilted investors to more than $8.6 billion. He said that’s nearly half the approximately $17.3 billion in principal lost by Madoff, who pleaded guilty to fraud charges and is imprisoned in Butner, N.C.
