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Picower Estate Said to Pay $7.2 Billion Over Madoff

17 Dec

Picower, a billionaire, had a heart attack and drowned in his swimming pool in Palm Beach, Florida, in October 2009. He was 67. Picard claimed Picower, his charitable foundation and related entities withdrew $7.2 billion from Madoff’s firm over 20 years, including $2.4 billion in the six years before Madoff’s arrest.

via Picower Estate Said to Pay $7.2 Billion Over Madoff – BusinessWeek.

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Posted by on December 17, 2010 in investing, money

 

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