Reuters: “Jeffry Picower, the billionaire beneficiary of Bernard Madoff’s fraud scheme who died last month in Florida, left $200 million to his wife and appointed her chairwoman of a charitable foundation to be funded with assets from his estate. The $200 million for Picower’s wife, Barbara . . . . The Picowers were friends of Wall Street financier Madoff, who is serving a 150-year sentence after pleading guilty to running a $65 billion Ponzi scheme. The trustee handling the Madoff fraud case, Irving Picard, said in court documents filed in U.S. Bankruptcy Court in New York in September, that Picower, newly listed as one of the 400 wealthiest Americans by Forbes magazine, was complicit in the fraud.”
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