The cited record supports the material proposition.
The SIPA Trustee reported recoveries of about US$15.509 billion for BLMIS customers and that distributions reached 72.015% of each allowed claim.
- Claim made by
- Securities Investor Protection Corporation, company statement
- Published
- 11 December 2025
- Evidence score
- 77 How it was scored
- Last reviewed
- 25 October 2026
Why this label
Recovery for BLMIS customers runs through a court-supervised SIPA liquidation. The Trustee's public accounting states recoveries or agreements to recover of about US$15.509 billion as of 23 October 2026S7. The SIPC release of 11 December 2025 states that a seventeenth pro rata distribution brings the total to 72.015% of each customer's allowed claimS6. These figures come from the Trustee and from SIPC, not from a court order read here, so the tier is lower. The allowed-claim method counts net invested principal, not the fictitious balances on the final account statements. The claim about the recovery total and the distribution percentage matches the published figures, so the label is Supported.
Current procedural position
SIPA liquidation open. Seventeenth distribution approved and the total reaches 72.015% of allowed claimsS6. Trustee recoveries about US$15.509 billion as of 23 October 2026S7. Ongoing.
Record supporting the assessment
has recovered or reached agreements to recover approximately $15.509 billion
equal 72.015% percent of each customer's allowed claim amount, unless that claim has been fully satisfied
Conflicting or limiting record
No record located that conflicts with this assessment.
Evidence score: 77 of 100
The score grades how well the record establishes this assessment. It is not a score of Bernard L. Madoff Investment Securities LLC. Score = source authority + directness + corroboration + procedural accuracy + currency + reproducibility.
| Component | Points | Max | Reason |
|---|---|---|---|
| Source authorityIs the source competent to establish the proposition? | 19 | 30 | SIPC and the Trustee are the bodies running the liquidation, but these are not court orders. |
| DirectnessDoes the source state the proposition or only discuss adjacent facts? | 18 | 20 | Both pages state the recovery total and the distribution percentage. |
| CorroborationDo independent records support the same material point? | 11 | 15 | The December 2025 release and the October 2026 Trustee page agree and track each other. |
| Procedural accuracyDoes the record settle the procedural state the claim describes? | 10 | 15 | The distribution was approved, the liquidation continues. |
| CurrencyHas the record been checked against later developments? | 10 | 10 | The Trustee page is dated 23 October 2026. |
| ReproducibilityCan a reader locate the passage and repeat the assessment? | 9 | 10 | Both pages are public on sipc.org and madofftrustee.com. |
| Total | 77 | 100 |
Timeline
Related cases
- Securities Investor Protection Corporation v. Bernard L. Madoff Investment Securities LLCUS Bankruptcy Court for the Southern District of New York. Insolvency. Adv. Pro. No. 08-01789 (SMB).Stage: SIPA liquidation open. Interim distributions continuing.
- Seventeenth distribution brings the total to 72.015% of allowed claimsS6
Revision history
- Assessment first published with label Supported.
Have a record that changes this assessment? See corrections and responses.
Sources
- S7Tier B Recoveries, Distributions and SIPC CommitmentOffice of the SIPA Trustee for BLMIS (Irving H. Picard, BakerHostetler). Company statement. 23 October 2026.Supports the Trustee recovery of about US$15.509 billion as of 23 October 2026. Does not state total allowed claims or an overall recovery percentage.
- S6Tier B Madoff Trustee Requests Allocation of More Than $123 Million to Customer Fund and Court Approval to Distribute More Than $87 Million to BLMIS Customers with Allowed ClaimsSecurities Investor Protection Corporation (SIPC). Company statement. 11 December 2025.Supports the seventeenth distribution reaching 72.015% of each allowed claim. Reports a Trustee recovery of about US$14.833 billion as of 31 October 2025.
Other claims about Bernard L. Madoff Investment Securities LLC
- Supported96Prosecutors said Bernard Madoff pleaded guilty to an eleven-count criminal information in March 2009 and was sentenced in June 2009 to 150 years in prison with forfeiture of US$170,799,000,000.Regulator statement, 29 June 20093 records citedFraud
- Outdated88At the March 2009 plea a prosecutor said that given the nature and length of the scheme, victims might recover only a small fraction of their losses.Regulator statement, 12 March 20093 records citedCorporate status
- Supported82The SEC Office of Inspector General found that the agency received credible complaints about Madoff but never performed a thorough investigation and could have uncovered the scheme before he confessed.Official report, August 20093 records citedMarket conduct