Jeffry Picower

Reuters tweets that a possible settlement with the estate of the late Jeffry Picower could substantially add to the recovery for the victim's of Bernie Madoff's Ponzi scheme to the tune of $2 billion. However, there are multiple lawsuits against Picower's estate that are causing a settlement to be...

Jeffry Picower was a New York financier who benefited greatly from Bernard Madoff’s Ponzi scheme. Picower died last month from drowning, which has left his widow an inheritance of around $200 million of which half is outright and the other half in trust. His daughter will get $25 million and a...