The fund meant to help victims of the investment scam perpetrated by Bernie Madoff started its final round of payment reimbursements, the U.S. Justice Department announced Monday.

A US government fund to help compensate thousands of people scammed by the late Bernie Madoff in the biggest Ponzi scheme in history is making its final batch of payments.

Nearly 94% of the billions of dollars lost in Madoff's notorious Ponzi scheme have been recovered, according to the Justice Department.

Madoff Victim Fund has paid more than $4 billion to nearly 41,000 victims. Fund for Bernie Madoff victims begins final payout of $131 million

The Justice Department said its tenth and final distribution of funds to eligible victims of Bernie Madoff would bring their total recovery to 93.7% of their losses. Why it matters: The fraud was the largest Ponzi scheme in history,