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

08.01.25 12:01

by theguardian.com

Rolls-Royce to invest £300m in expansion of Goodwood factory

Luxury carmaker driven to meet demand for bespoke upgrades, after recording third-highest annual sales in 2024

Rolls-Royce Motor Cars has said it will invest £300m in expanding its Goodwood factory in West Sussex to meet the growing demand for bespoke upgrades, after the luxury carmaker recorded its third-highest annual sales in 2024.

The investment will extend the luxury carmaker’s manufacturing facility as it gradually moves away from V12 petrol engines to battery electric vehicles, as well as increasing its capacity to fulfil the whims of some of the world’s richest people.

United States of America