Susan M. Greenwood | Bloomberg Law In re Madoff Investment Securities LLC, Nos. 10-BK-02378; 10-BK-02676; 10-BK-02677; 10-BK-02679; 10-BK-02684; 10-BK-02685; 10-BK-02687; 10-BK-02691; 10-BK-02693; 10-BK-02694; 10-BK-02718; 10-BK-02737; 10-BK-03188; 10-BK-03579; 10-BK-03675, 2011 BL 211741 (2d Cir. Aug. 16, 2011) The U.S. Court of Appeals for the Second Circuit held that the calculation of net equity for distributing customer property to victims of Bernard L. Madoff's Ponzi scheme should be based on the amount of cash a customer deposited with Bernard L. Madoff Investment Securities LLC (BLMIS), minus any withdrawals made by the investor.
Fictitious Account Statements
Trustee's Net Equity Calculation
No Single Method for Calculating Net Equity
SIPA Is Not an Insurance Guarantee
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