Maddoff victims have received nothing, while a law firm has been paid $38 million

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Victims of Bernard Madoff's huge Ponzi scheme have so far received no repayments from the company the Department of Justice tapped to distribute $4 billion recovered from the notorious fraud.

Nearly 8½ years after Madoff's arrest, RCB Fund Services LLC is still working to finalize reviews and recommendations..

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Although fraud victims have received nothing from the fund, Breeden's company has been paid $38.8 million for its work, Bloomberg News reported Tuesday,

As of January, the company similarly had not yet distributed hundreds of millions of dollars earmarked for investors hurt by misrepresentations from BP after the explosion of its Deepwater Horizon oil rig in the Gulf of Mexico

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In contrast with the repayment delay, a separate effort launched by the investment industry-financed Securities Investor Protection Corporation has amassed nearly $11.6 billion in Madoff-related recoveries and agreements and has distributed just over $9 billion to burned investors so far. That effort is led by court-appointed trustee Irving Picard

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