The IRS has begun sending out refund checks to victims of Bernard Madoffs Ponzi scheme, but the big checks have not yet gone out the door.
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Its good to see the IRS starting to pay the claims of victims of the Madoff scheme, and Picard has said he and the SIPC have begun paying claims as well. They should be making an extra effort with those facing hardship such as losing their homes, and get the checks out to those who have suddenly found their savings gone and their hopes for the future dashed. CPAs are helping clients claim the money, and its important to follow up with the IRS just in case that check got lost in the mail.