Madoff Investors Won't Get Money Back

By: CNN
By: CNN

Thousands of investors who lost money in Bernard Madoff's ponzi scheme will not be getting it back.

A federal judge ruled Thursday that the nearly 11,000 people who gave their money to Madoff have no legal protection for getting their money back.

The decision backs an earlier ruling by the trustee in charge of distributing the money Madoff took from his victims.

It's believed Madoff stole as much as $20 billion through his pyramid-style scheme.


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