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M. Continuo

Madoff payouts won't get Supreme Court review


    WASHINGTON (Reuters) - The Supreme Court declined to review how the trustee for Bernard Madoff's customers calculates victims' losses, a decision that could help speed a payout of billions of dollars.

    Without comment, the court let stand an August 2011 decision by a federal appeals court in New York that approved of the calculation method employed by Irving Picard, the trustee liquidating the imprisoned Ponzi schemer's firm.

    (Reporting By Jonathan Stempel in Washington; Editing by Gerald E. McCormick)