Trustee: $231 million authorized so far for nearly $3 billion in claims by Madoff investors

NEW YORK — A court-appointed trustee unraveling Bernard Madoff’s massive fraud so far has allotted $231 million from a securities industry fund that compensates victims — a record amount for the fund, but a mere fraction of what was lost.

Industry group sets aside $231M for claims by Madoff investors

NEW YORK — A group funded by the securities industry has set aside $231 million to cover claims by Bernard Madoff’s burned investors.