Bernie Madoff scam victims receive $695m from compensation fund

Nearly $2bn allocated to swindler’s 27,000 victims to dateFunds recovered from Madoff’s friend, family and bankVictims of the fraudster Bernard Madoff are set to receive another $695.3m from a government compensation fund, the Department of Justice announced on Thursday.The payout – the third made by the Madoff Victim Fund – will be distributed starting Thursday to 27,000 victims of the infamous scammer around the world. It will bring the total paid out to victims so far