March 27 (Bloomberg) -- The agency liquidating Bernard Madoff's brokerage says the $2.6 billion it has on hand is enough to satisfy all legitimate claims by victims of the money manager's $65 billion Ponzi scheme.
The Securities Investor Protection Corp. is using a formula that investors may challenge in court. The agency has the money in an industry-financed fund and from recovered assets to reimburse Madoff's 5,000 customers to the maximum allowed by its charter, Stephen Harbeck, SIPC president, said in an interview.
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