Amazon to invest $10 billion in North Carolina to expand cloud, AI infrastructure

Bernie Madoff customers to recoup $498 million, payout tops $15 billion

NEW YORK (Reuters) -Former customers of the late Ponzi schemer Bernard Madoff will recoup $498.3 million under a settlement on Wednesday with the liquidators of two Luxembourg funds, boosting their recovery to about $15.26 billion. The Luxembourg Investment Fund and Luxembourg Investment Fund U.S. Equity Plus had invested exclusively with Bernard L. Madoff Investment Securities for three years before Madoff's firm collapsed in December 2008. Irving Picard, the trustee liquidating Madoff's firm, said the $498.3 million represents all transfers that the Luxembourg funds received from the firm.

Reuters

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Amazon to invest $10 billion in North Carolina to expand cloud, AI infrastructure

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