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SUNDAY, NOVEMBER 22, 2009
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NEWS ABOUT: Picower Foundation

Picower Foundation stories: 2 news summaries

Madoff Colleague Found Dead in Swimming Pool

Jeffry Picower faced Ponzi scheme lawsuit

Oct 25, 09 4:07 PM CDT
(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... More »

MORE ABOUT:
philanthropy • fraud • lawsuit • Ponzi scheme • Bernard Madoff • Bernard L. Madoff Investment Securities • Jeffry Picower • Picower Foundation • Barbara Picower

(Newser) - At least one person looks to have benefited more from Bernie Madoff’s Ponzi scheme than Bernie Madoff, ProPublica reports. Jeffry Picower, a secretive philanthropist and investor in medical technologies, is on the books as having withdrawn some $5.1 billion in returns from 1995 to 2008, well beyond his... More »

MORE ABOUT:
philanthropy • Ponzi scheme • defrauding investors • Bernard Madoff • charitable giving • return on investment • Jeffry Picower • Picower Foundation • medical technology

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