A MESSAGE FROM SIPA TRUSTEE IRVING H. SIPA Trustee for the liquidation of Bernard L. A MESSAGE FROM THE TRUSTEE’S CHIEF COUNSEL DAVID J. The overriding goal of this liquidation is to return principal first financial investment fund v llc in the Madoff Ponzi fraud to its rightful owners in the timeliest manner possible.
In the SIPA Liquidation of BLMIS, unresolved matters remain that require court determination. Until resolved, these matters require reserves. SIPA Trustee must establish sufficient reserves to ensure that he would be able to make all pro rata distributions to date to all potentially eligible claimants, whether or not their claims are allowed at the time of distribution. Ninth pro rata interim distribution of 3. Eighth pro rata interim distribution of 1. Seventh pro rata interim distribution of 1. Sixth pro rata interim distribution of 8.