Victims of Bernie Madoff’s massive Ponzi scheme may have to wait until 2024, or longer, before all the money is collected, according to one veteran court-appointed receiver.

“We are still sending out checks on a 10-year-old Ponzi scheme case because of the complicated nature of the case,” said Robb Evans, whose firm of 25 former bank executives is the receiver in dozens of cases. “I wouldn’t be surprised if the Madoff case was not fully settled in 15 years,” he said.

Evans, who was the receiver in the BCCI fraud 18 years ago — and who still has to distribute nearly $10 million of the $15 billion in assets of that case, also noted that clawback cases are fair to bring in certain fraud cases.

“In a Ponzi scheme focusing on the not-rich elderly, like the Madoff case, clawbacks are gut-wrenching but fair,” he said. Clawbacks are cases where a receiver seeks to grab back profits from investors who are also victims of the fraud.

Evans said he has some non-wealthy clawback subjects paying $50 to $100 a month in an installment plan.