Cayman Islands: Fairfield Liquidators declare Second Interim Distribution
The Fairfield Liquidators have also got their sights on a potential third interim distribution, which is dependent on certain events happening and has been targeted for the summer of 2018. Said Kenneth Krys, one of the Joint Liquidators, “Our objective since 2014, when it looked like we might have sufficient assets, was to get money into the hands of the victims of the Madoff fraud. We’re extremely pleased that we have been able to find a way to get some funds back to shareholders. With some of the successes we have had in courts recently, we hope to be able to continue making recoveries for their benefit.”
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