Madoff Colleague Found Dead in Swimming Pool

Jeffry Picower faced Ponzi scheme lawsuit
By M. Morris,  Newser Staff
Posted Oct 25, 2009 4:07 PM CDT
Barbara and Jeffry Picower   (Lucien Capehart/Massachusetts Institute of Technology)

(Newser) – Philanthropist Jeffry Picower, who allegedly reaped billions of dollars from longtime friend Bernard Madoff's Ponzi schemes, was found dead today at the bottom of his Florida swimming pool. Efforts to revive him failed, and his death was ruled a drowning, police said. Picower, 67, wife Barbara, and their foundation were among the defendants in a lawsuit brought by the trustee liquidating Madoff's assets, the Palm Beach Post reports.