IlluMyFi

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).

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-0.18

Bearish/Bullish

02.01.25 04:52

by theguardian.com

Early phase-out of full hybrid vehicles may be a political risk too far for UK m...

Pragmatism will win over purism, unless the government favours early closure for car manufacturers

The main timetable is set: no new petrol and diesel cars will be allowed to be sold in the UK after 2030, and sales of all new hybrids will be forbidden from 2035. But that phasing still leaves open the critical matter – for the automotive industry, and for a couple of manufacturers in particular – of which new hybrids will be allowed to be sold until the last day of 2034.

Just the variety that comes with a socket – plug-in hybrid electric vehicles (PHEVs)? Or should old-style hybrids, such as the Toyota Prius, which have smaller batteries charged by a main internal combustion engine, also be permitted?

United States of America