Jeffry Picower

Jeffry Picower
Born
Jeffry M. Picower

(1942-05-05)May 5, 1942
DiedOctober 25, 2009(2009-10-25) (aged 67)
Palm Beach, Florida, U.S.
Occupation(s)Investor, lawyer, accountant
Known forBeing the biggest beneficiary of Bernard Madoff's Ponzi scheme
SpouseBarbara Picower

Jeffry M. Picower (May 5, 1942 – October 25, 2009)[1][2] was an American investor involved in the Madoff investment scandal.[3][4] He was the largest beneficiary of Madoff's Ponzi scheme, and his widow agreed to have his estate settle the claims against it by Madoff trustee Irving Picard for $7.2 billion, the largest single forfeiture in American judicial history.[5][6][7][8][9]

  1. ^ Susman, Carolyn (September 25, 2009). "Palm Beach Police identify Jeffry M. Picower as drowning victim". palmbeachdailynews.com. Archived from the original on October 28, 2009. Retrieved October 25, 2009.
  2. ^ "Madoff investor drowns in Florida pool". cnn.com. October 26, 2009.
  3. ^ "Picower estate returns $7.2 billion from Madoff scam". Jewish Telegraphic Agency. December 17, 2010. Archived from the original on September 26, 2012.
  4. ^ Mordechai Specktor (December 22, 2010). "Local foundations sued in Madoff 'clawback'". American Jewish World. Archived from the original on July 20, 2012. Retrieved September 15, 2024.
  5. ^ Bernstein, Jake (June 28, 2009). "Madoff may not have benefited most in scam Client Jeffry Picower allegedly withdrew $5.1 billion from accounts". Pro Publica. Retrieved December 18, 2010.
  6. ^ Healy, Beth; Casey Ross (December 18, 2010). "Picower estate adds $7.2b to Madoff fund". The Boston Globe. Retrieved December 18, 2010.
  7. ^ Cite error: The named reference settle was invoked but never defined (see the help page).
  8. ^ "Widow to Return $7.2 Billion"
  9. ^ "Madoff Trustee Recovers $7.2 Billion for Victims of Scheme" - The New York Times