Brennan tried to dodge that massive fine by declaring Chapter 11 bankruptcy, but he eventually agreed to a lesser settlement of $45 million. The only problem was the New Jersey Bureau of Securities was forced to track down whatever assets Brennan had left, which at one point included a half-million dollars in chips from a Las Vegas casino.
But now the securities bureau has collected about $5 million, and is ready to pay back some wronged investors, 15 years after the initial complaint. If all 27,000 affected investors submit a claim, they'll be due the whopping sum of $190 apiece.
If you're wondering whether you're a First Jersey claimant, you can get more information here.