Bernie Madoff compensation fund makes final payments

Tenth and final payment means the 40,000-plus Ponzi scheme victims will have recovered 93% of investment losses

A US government fund to compensate people swindled by Bernie Madoff is making its final round of payments, taking the total paid from the fund to the late fraudster's victims to $4.3bn (3.4bn).

The Madoff Victim Fund is paying out $131.4m from forfeited assets to 23,408 people around the globe in the 10th and final distribution, according to a statement by the Department of Justice (DoJ).