Saturday, December 18, 2010

Widow of longtime Madoff investor to return money

Before his death, Jeffrey Picower had benefited more than anyone from Bernard Madoff's fraud. A longtime investor with the disgraced financier, he had withdrawn more than $7 billion in other people's money before the Ponzi scheme was revealed in December 2008. And federal prosecutors, securities regulators and the IRS were investigating whether he was complicit in the fraud. Twenty-four stories above...

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