Madoff Victims Get $410 Million SettlementHedge fund manager J. Ezra Merkin, who lost about $1.2 billion of his clients’ money to Bernard Madoff’s investment scam, has agreed to pay his clients $405 million in compensation.SavePrintCatherine Yang6/25/2012|Updated: 10/1/2015We had a problem loading this article. Please enable javascript or use a different browser. If the issue persists, please visit our help center.Share this articleLeave a commentCatherine YangAuthorCatherine Yang is a reporter for The Epoch Times based in New York. Author’s Selected ArticlesTikTok US Deal Finalized: What to KnowJan 23, 2026Lawmakers Push Bill to Give Congress Oversight of Advanced AI Chip SalesJan 22, 2026Greenland ‘Essential’ to US Golden Dome Missile Defense, Bessent SaysJan 20, 2026Senators Want to Close Hong Kong Offices in US That Act as CCP ProxiesJan 16, 2026Related TopicsPonzi scheme