Screwed by Madoff? Deadline to report it is approaching
|Photo by Red Carlisle|
Victims have until March 4 to file their claims, Gov. Tim Pawlenty announced today.
Victims must file a formal claim with the Securities Investor Protection Corporation (SIPC) by Wednesday, March 4. Pawlenty said Minnesotans may have lost $300 million from the fraud.
All of Madoff's former customers have been contacted and received claim forms. SIPC protects assets in brokerage accounts up to $500,000. Madoff was arrested on December 11, 2008 and charged with securities fraud.
For more information and to download claim forms, visit the trustee's Web site or SIPC.