Massive Madoff Payment

Bernard Madoff’s victims will receive $2.48 billion to help cover their losses, in checks ranging from $1,784 to $526.9 million that were mailed Wednesday to 1,230 of his former customers. Irving Picard, trustee in charge of liquidating Bernard L. Madoff Investment Securities and David J. Sheehan, Picard's chief counsel, discuss the payments and the ongoing effort to recover money from Madoff's Ponzi scheme.