The liquidation of Bernard L. Madoff Investment Securities LLC commenced on Thursday, December 11, 2008, in the United States District Court for the Southern District of New York. This date, Thursday, December 11, 2008, is the filing date for which all claims are valued.


The court appointed Irving H. Picard as Trustee. The Trustee's website is available at You may contact the Trustee at:

(888) 727-8695


The liquidation of Bernard L. Madoff Investment Securities LLC is pending in the United States Bankruptcy Court for the Southern District of New York, before Judge Stuart M. Bernstein, under Case Number 08-01789-smb

Claim Deadlines

Claim filing deadlines:
Maximum Protection Deadline: 
Wednesday, March 04, 2009 
(0 Days Remaining)
Deadline for All Claims: 
Thursday, July 02, 2009 
(0 Days Remaining)

Claim Forms

The claims deadline has passed. If you have any questions about the claims process, please Contact Us.

Case News

Wednesday, December 14, 2016

Madoff Trustee Requests Allocation of $342 Million to Customer Fund and Court Approval to Immediately Distribute Approximately $252 Million to BLMIS Customers with Allowed Claims
Eighth Pro Rata Interim Distribution Will Bring Aggregate Customer Payout in Global Madoff Liquidation to More Than $9.72 Billion

Friday, November 04, 2016

Madoff Trustee Reaches Recovery Agreement of Approximately $32 Million with Cohmad Securities Corporation, the Estate of Maurice “Sonny” Cohn, Marcia B. Cohn & Marilyn Cohn
$11.491 Billion Recovered for Madoff Victims to Date in BLMIS Liquidation

Friday, October 28, 2016

Madoff SIPA Trustee, California Attorney General, and Private Litigants Reach Recovery Agreement Valued in Excess of $277 Million with the Estate of Stanley Chais and Other Chais-Related Defendants
Immediate benefit to BLMIS Customer Fund Approximately $232 million

Thursday, June 30, 2016

Seventh Pro Rata Interim Distribution of Recovered Funds to Madoff Claims Holders Commences; Totals Approximately $190.2 Million
Aggregate Distributions Total Approximately $9.47 Billion

Thursday, May 26, 2016

Madoff Trustee Requests Allocation of $247 Million to Customer Fund and Court Approval to Immediately Distribute $171 Million to BLMIS Customers with Allowed Claims
Seventh Interim Pro Rata Distribution Will Bring Aggregate Customer Payout in Global Madoff Liquidation to more than $9.45 Billion

Friday, December 04, 2015

Sixth Pro Rata Interim Distribution of Recovered Funds to Madoff Claim Holders Commences; Total More than $1.19 Billion
Aggregate Distributions to Date Total Approximately $9.16 Billion

Tuesday, October 20, 2015

Madoff Trustee Requests Release of $1.5 Billion from Customer Fund
Supreme Court Decision Permits Request for Court Approval of Sixth Interim Pro Rata Distribution to Bring Aggregate Customer Payout in Global Madoff Liquidation to Approximately $9.13 Billion - Nearly 57 Percent of Losses Will Be Returned to Customers

Friday, June 19, 2015

Madoff Trustee Reaches Recovery Agreement of $140 Million with Feeder Fund Plaza Investments International & Notz, Stucki Management (Bermuda) Limited
Total BLMIS Customer Fund Recoveries & Agreements Will Now Be More than $10.874 Billion

Monday, June 01, 2015

SIPC Praises Madoff Trustee on Recovery Agreement of $35 Million with Feeder Funds

Tuesday, March 24, 2015

Madoff Trustee’s Major Settlement with Defender Feeder Fund Shows Importance of "Clawback" Tool in Recovery Process
Work of Trustee Picard Praised in New $93 Million Recovery Agreement Illustrating Importance of Issues Addressed in Petitions Before U.S. Supreme Court

Wednesday, March 18, 2015

SIPC Joins Madoff Trustee in Petitioning U.S. Supreme Court to Overturn Roadblock to Recovery of Fictitious Profits
Securities Investor Protection Corporation Urges Reversal of Decision Impeding Return of Funds Owed to Victims of Madoff Scheme

Friday, February 20, 2015

SIPC Applauds U.S. Court of Appeals for Clarifying Inflation Adjustment for Victims of Ponzi Schemes Under the Securities Investor Protection Act

Monday, February 09, 2015

SIPC: Distributions to Madoff Customers Now Covering 54 Percent of Losses
Madoff Trustee Irving H. Picard Announces Fifth Disbursement of $355.8 Million, Bringing Total to $7.2 Billion for Allowed Claimants

Monday, November 17, 2014

SIPC: $10 Billion Recovery Milestone Reached in Madoff Case with Feeder Fund Settlement
Herald Fund and Primeo Feeder Fund Recovery Agreement Adds Another $497 Million

Monday, May 05, 2014

SIPC: Nearly $6 Billion Now Distributed to Madoff Victims
Additional $351.6 Million Goes to Customers with Allowed Claims With Madoff Trustee’s Fourth Distribution.

Tuesday, March 25, 2014

SIPC: All Madoff Customers With Allowed Claims Under $925,000 To Be Satisfied In Full With Fourth Distribution

Monday, January 13, 2014

SIPC Issues Statement on the Passing of U.S. Bankruptcy Court Judge Burton R. Lifland

Tuesday, January 07, 2014

SIPC Issues Statement on JPMorgan Chase Bank Forfeiture Related to Madoff Fraud

Monday, April 01, 2013

SIPC: $5.44 Billion Now Distributed To Madoff Victims
Madoff Trustee's Third Distribution Sends Approximately $506.2 Million to Customers With Allowed Claims

Wednesday, February 13, 2013

Third Interim Distribution Of Recovered Funds In Madoff Global Liquidation Will Total Approximately $505 Million
Aggregate Distributions Will Reach Approximately $5.4 Billion

Thursday, September 20, 2012

SIPC: $2.5 Billion Distributed To Madoff Victims, Covering Half Of Allowed Claims
SIPC Advances Used to Facilitate Recovery of $9.1 Billion for Customers

Thursday, July 26, 2012

Second Interim Distribution To Madoff Victims
Will Total Approximately $1.5 Billion-$2.4 Billion

Monday, June 25, 2012

Supreme Court Net Equity Decision Permits SIPA Trustee to file Motion for Second Interim Pro Rata Distribution

Monday, March 19, 2012

SIPC Comments on Madoff Trustee's Settlement in Katz Case
Decision a Major Step Forward in Interest of Madoff Victims, Defendants Will Pay $162 Million to Trustee Over Five Years

Tuesday, October 04, 2011

Initial Interim Distribution Of Recovered Funds To Madoff Claims Holders
New Settlements Increase Initial, Interim Pro Rata Distribution to Approximately $312 Million

Tuesday, August 16, 2011

SIPC Statement On U.S. Court Of Appeals Upholding Of Madoff Trustee "Net Equity" Calculation

Thursday, July 28, 2011

Settlement Reached With Tremont Group, Second-Largest Feeder Fund Network In Madoff Ponzi Fraud
Cash Payments of more than $1 Billion to be made to BLMIS Customer Fund; Settlement Structure Facilitates Future Recovery Distributions to Feeder Fund Investors

Wednesday, May 04, 2011

Trustee For Liquidation Of Bernard L. Madoff Investment Securities Files Motion To Allocate Recovered Monies To The BLMIS Customer Fund And Return Stolen Monies To Customers
2.6 Billion to be Allocated to Customer Fund; Initial, Interim Pro Rata Distribution of Approximately $272 Million to BLMIS Customers; Appeals of Picower, Levy Settlements and Net Equity Prevent Larger Payments

Friday, December 17, 2010

Manhattan U.S. Attorney Announces Agreement To Recover $7.2 Billion For Victims Of Bernard L. Madoff'S Ponzi Scheme From Estate Of Jeffry M. Picower
Multi-Billion Dollar Settlement To Benefit Madoff's Victims Is Largest Single Forfeiture Recovery In U.S. History

Friday, December 10, 2010

Madoff Trustee, Charities Negotiating Settlements
Agreements Allow Charities to Continue Good Works

Tuesday, December 07, 2010

Madoff Trustee, Sipc Announce $550 Million Recovery Agreement With Carl Shapiro, Robert Jaffe And Related Entities

Sunday, May 09, 2010

Settlement Agreement Reached With Joint Liquidators Of Fairfield Sentry, Madoff'S Largest Feeder Fund
Settlement Significantly Increases Potential Future Recoveries and Customer Fund Payouts

Tuesday, March 09, 2010

SIPC Exposes Phony "Look-Alike" Web Site Targeting Madoff Victims
Victims, Other Investors Cautioned Against Providing Information Via Web Site; Bogus Claims Made About Recovering "$1.3 Billion Discovered in Madoff Hideout"

Wednesday, February 24, 2010

SIPC Statement On Lawsuit Filed By BLMIS Investors

Tuesday, February 02, 2010

SIPC Statement On "Net Equity" Court Hearing

Wednesday, October 28, 2009

Major Milestone: Over Half A Billion Dollars Advanced By SIPC So Far To Madoff Customers
BLMIS Payouts Now in the Works Exceed the Total of All 321 Previous Proceedings Since Start of SIPC in 1970; In Madoff Case, the Number of Determined Claims Nears 3,000.

Wednesday, July 29, 2009

SIPC Trustee Sues Ruth Madoff: Seeks Recapture Of $45 Million Of Customers' Money She Received From Husband In The Last Six Years

Wednesday, July 01, 2009

SIPC, Madoff Trustee Announce $231 Million In Funds Committed To Blmis Customers, With An Additional $2.741 Billion Authorized For Potential Future Recovery
Sum of Commitments Exceeds the Total SIPC Protection Extended in 11 Largest Liquidations; Trustee Picard Makes It Easier For Last-Minute Filers.

Tuesday, May 26, 2009

SIPC Supports $235 Million Settlment With Optimal In Madoff Liquidation
As of Memorial Day, Over $116 Million in Commitments Made So Far to Satisfy 237 Madoff Claimants

Thursday, May 14, 2009

SIPC: $61 Million in Commitments Made to Madoff Claimants, with $100 Million Level Expected to Be Reached by Memorial Day
Trustee Madoff, SIPC President Harbeck Provide Update on Liquidation Proceeding

Monday, April 27, 2009

Press Release Of Irving H. Picard
Trustee Announces Winning Bid Of Up To $25.5 Million For Madoff Market Maker Business

Thursday, February 19, 2009

Meeting Of Madoff Creditors To Take Place Friday
Special Toll-Free Phone Line Provided for Creditors Unable to Attend in Person

Monday, January 05, 2009

Madoff Liquidation Trustee Mails More Than 8,000 Customer Claim Forms, Publishes Notice in Major Newspapers
March 4th and July 2nd Deadlines Set for Claim Filings

Tuesday, December 30, 2008

SIPC, Trustee Issue Statement on Initial Recovery of Assets in Madoff Liquidation Proceeding
Claim Form Mailing in Madoff Liquidation to Proceed on or before January 9, 2009

Monday, December 15, 2008

Liquidation Proceeding for Bernard L. Madoff Investment Securities LLC Undertaken by Securities Investor Protection Corporation
Trustee Appointed By Court; SIPC Taking Action to Protect Customer Assets.