Teacher:In this task, you are given a text of many news articles seperated by special token "|||||". Your task is to summarize them.
Teacher: Now, understand the problem? Solve this instance: NEW YORK (Reuters) - The trustee recouping money for Bernard Madoff’s victims has reached more than $23 million of settlements with the estates of the swindler’s late sons and related defendants, ending more than eight years of litigation. 
  
 FILE PHOTO: Disgraced financier Bernard Madoff is escorted by police and photographed by the media as he departs U.S. Federal Court after a hearing in New York, January 5, 2009. REUTERS/Lucas Jackson 
  
 According to a Monday court filing, the settlement will strip the estates of Andrew and Mark Madoff of “all assets, cash, and other proceeds” of their father’s fraud, leaving them with a respective $2 million and $1.75 million. 
  
 The estates also agreed to withdraw roughly $99.5 million of claims against the bankruptcy estate of the former Bernard L. Madoff Investment Securities LLC, the filing shows. 
  
 Monday’s settlement resolves some the highest-profile cases remaining in trustee Irving Picard’s efforts to compensate former Madoff customers whom he estimates lost $17.5 billion. He has recovered $11.6 billion, or about two-thirds of that sum. 
  
 The settlement also resolves claims against Mark Madoff’s widow, Stephanie Mack, and some entities affiliated with the Madoff family. 
  
 It also ends an investigation by the U.S. attorney’s office in Manhattan, whose criminal probe resulted in a 150-year prison term for Bernard Madoff, a 10-year term for his brother Peter, and 13 other convictions and guilty pleas. 
  
 Madoff’s sons were never criminally charged and had maintained they knew nothing about their father’s fraud until he confessed to them shortly before his Dec. 11, 2008, arrest. 
  
 FILE PHOTO: Accused swindler Bernard Madoff enters the Manhattan federal court house in New York, March 12, 2009. REUTERS/Shannon Stapleton 
  
 But in a civil lawsuit, Picard said Madoff’s firm operated as a family piggy bank, and he sought to recoup $153.3 million from the sons’ estates alone. 
  
 Settlement talks began in 2015, and the accord is a “global and complete resolution of all claims” against the estates, lawyers for Picard said in Monday’s filing. 
  
 FILE PHOTO: Accused swindler Bernard Madoff exits the Manhattan federal court house in New York, U.S. on January 14, 2009. REUTERS/Brendan McDermid/File Photo 
  
 Mark Madoff committed suicide in December 2010 at age 46. Andrew Madoff died of cancer in September 2014 at age 48. Their father is 79. 
  
 Lawyers for Picard could not immediately be reached for comment. Martin Flumenbaum, a lawyer for the Madoff sons’ estates, did not immediately respond to requests for comment. Alan Levine, a lawyer for Mack, declined to comment. 
  
 A spokeswoman for acting U.S. Attorney Joon Kim in Manhattan said Kim’s office would have no comment until the settlement wins court approval. A hearing is scheduled for July 26. 
  
 Richard Breeden, a former U.S. Securities and Exchange Commission chairman, oversees a separate $4 billion fund to compensate Madoff victims, including third parties. Payouts could begin as soon as October. 
  
 The case is Picard v Madoff et al, U.S. Bankruptcy Court, Southern District of New York, No. 09-ap-01503. The main case is Securities Investor Protection Corp v. Bernard L. Madoff Investment Securities LLC in the same court, No. 08-01789. ||||| Kimberly Unger/AP/File Mark Madoff, in an undated photo. Madoff committed suicide in 2010. 
  
 NEW YORK — The estates of Bernard Madoff’s dead sons have reached an agreement with the US government to hand over a combined $23 million to victims of his Ponzi scheme, resolving an eight-year legal battle over the remnants of fortunes they amassed at their father’s bogus securities firm. 
  
 Mark Madoff committed suicide in 2010, and his younger brother, Andrew, died of cancer four years later. 
  
 Their estates were sued by the company’s court-appointed bankruptcy trustee, who accused the men of profiting from their father’s fraud for years and squandering more than $150 million of client money on their lavish lifestyles. 
  
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 Under the deal, the estates will transfer all cash, business entities, and business interests to funds set up for victims, leaving Mark Madoff’s family with $1.75 million and Andrew Madoff’s family with $2 million, the trustee said Monday in a court filing in Manhattan. 
  
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 The estates will also withdraw their claims in the Madoff firm’s bankruptcy case, which total nearly $100 million. 
  
 The accord also resolves an investigation by the US attorney’s office in Manhattan, which oversaw a criminal investigation that led to a 150-year prison sentence for Bernard Madoff and a 10-year term for his brother Peter. Both men pleaded guilty. 
  
 Bernard Madoff’s sons were never accused of a crime. A civil suit against their mother, Ruth Madoff, is pending. 
  
 The claims against the Madoff clan have been symbolically important for the trustee, Irving Picard, who is recouping cash for thousands of victims who lost $17.5 billion in principal when the fraud collapsed on Dec. 11, 2008. 
  
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 So far, he’s recovered more than $11.5 billion, or almost 64 cents on the dollar, by suing banks and offshore funds that funneled cash into the scam. Picard has also sued investors who profited from the fraud by withdrawing more money than they deposited, including Madoff’s friends. 
  
 A fund overseen by the Justice Department has another $4 billion to distribute, but it hasn’t yet sent out checks. It’s unclear how much of the money from Monday’s settlement will go to the Justice Department and how much the trustee will get. 
  
 Andrew Ehrlich and Martin Flumenbaum, the lawyers for the estates with the firm Paul, Weiss, Rifkind, Wharton & Garrison LLP in Manhattan, didn’t immediately return calls seeking comment. 
  
 Dawn Dearden, a spokeswoman for the Justice Department, declined to comment until the settlement is approved by a judge. A hearing is set for July 26. 
  
 Madoff’s sons had said that they didn’t know about the Ponzi scheme and that they went to the authorities immediately after their father confessed to them. Madoff was arrested two days later. 
  
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 The brothers had led Madoff’s market-making and proprietary-trading businesses for years, overseeing real trading activity that lent legitimacy to their father’s bogus investment advisory unit at the heart of the scheme. |||||
Student:
Victims of Bernie Madoff's Ponzi scheme will divvy up $23 million from the estates of his two sons. The estates of Mark Madoff, who killed himself in 2010, and Andrew Madoff, who died of cancer in 2014, reached a deal with the US government—eight years in the making—to transfer nearly all cash, business entities, and business interests to funds for Madoff's victims, the Boston Globe reports. Mark Madoff's family will be left with $1.75 million, Andrew Madoff's with $2 million. Irving Picard, the bankruptcy trustee assigned to the Madoff case, has so far recovered $11.6 billion of the $17.5 billion in principal that Madoff's victims lost when his scheme fell apart, Reuters reports.