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 ArticlesTrump Speaks With Xi by Phone, Discusses ‘Many Subjects’Feb 04, 2026US Creates Critical Minerals Preferential Trade ZoneFeb 04, 2026Trump Launches $12 Billion ‘Project Vault’ Critical Minerals StockpileFeb 02, 2026US Says WTO Rules ‘Inadequate’ After Group Sides With China in DisputeJan 30, 2026Related TopicsPonzi scheme