PostHeaderIcon Bernie Madoff’s pal dies in pool



Jeffry Picower, the friend of Ponzi scam artist Bernie Madoff was found lifeless in his private pool in 1410 Ocean Blvd. in Palm Beach, Florida. The 67-year old man suffered Parkinson’s Disease and had heart probllems. His wife Barbara called 911 to report the incident. Fished out from the swimming pool, he was rushed to a nearby hospital, but was pronounced dead on arrival.

Picower, a philanthropist who donated to the Massachusetts Institute of Technology, New York Public Library and Harvard Medical School had been accused by disgruntled Madoff clients as the largest beneficiary of money fraud.

“In 1999, the Picowers received a 950-percent profit from the Ponzi-scheme investments, according to a $5 billion lawsuit by the trustee overseeing liquidation of Madoff’s companies, Irving Picard. Picard is seeking $6.7 billion back from the Pickowers to help repay Madoff victims.”-----New York Post (10/25/09, Kay, J.)

Police officers cut off access of the Picower home as they investigate the cause of the death. (Photo Credit: Zadrian) =0=

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