Merkin investors must wait for Madoff payout

Payments delayed so trustee for Madoff’s victims can appeal Merkin’s $410 million settlement with NYAG

Everyone burned by Bernard Madoff’s Ponzi scheme wants their money, and they want it now. But a few investors who lost big thanks to Madoff may have to wait a little longer for their payday.

Former investors with J. Ezra Merkin, a money manager, may have to wait as long as the end of the year to receive distribution from the $415 million settlement Merkin reached in the Madoff case with New York Attorney General Eric Schneiderman.

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Cathleen Flahardy

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