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Picower Death May Stall Suit for Madoff Billions

Will be harder for bilked investors to recoup losses

By the Associated Press

Posted Oct 26, 2009 9:40 AM CDT

(AP) – The death of Jeffry Picower, accused of profiting more than $7 billion from the investment schemes of longtime pal Bernard Madoff, will make it more difficult for suing investors to recoup their money, attorneys said late yesterday. Palm Beach police are investigating the death, after... Read full story »

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Picower Death May Stall Suit for Madoff Billions

Will be harder for bilked investors to recoup losses

death • Ponzi scheme • Bernard Madoff • Jeffry Picower • Barbara Picower

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More Newser Stories

Madoff Colleague Found Dead in Swimming Pool

Jeffry Picower faced Ponzi scheme lawsuit

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Nearly half cash losses now recovered

$534M Paid to Madoff Victims; $4.5B to Go

Trustee has recovered $1.4 billion in clawbacks, with more to come

Autopsy: Madoff Buddy Died of Natural Causes

Jeffry Picower, 67, had a heart attack, then drowned in pool

Ponzi Loot Puts Madoff Client Among Richest Americans

Picower made $7.2B, lands on Forbes list

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