The government fund created to compensate victims of the Bernie Madoff Ponzi scheme is being hit with new claims totaling in excess of $40 billion. The Department of Justice announced that more than 50,000 people from 119 countries have submitted claims. The fund administrators will have to determine how dole out around $4 billion in recovered assets to the victims. There are twice as many investors than previously though who have lost money and the majority of the claims are for losses of less than $500,000. In total, the investors submitted more than three million pages of documentation in support of their claims.

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