Picower

In the wake of news that Bernard Madoff's associate and pal Jeffrey Picower (pictured) was found dead in his Palm Beach swimming pool last month, the revelation that Picower had left his wife Barbara $200 million and appointed her to head a charitable foundation funded with his estate's assets from...

Not all of Bernard Madoff's investors lost money. In fact, bankruptcy trustee Irving Picard found that about 50 percent of his active clients withdrew more than they invested. Now, those who made a profit could be asked to pay some of that money back under "clawback" laws.In a court filing, Madoff...

When Bernie Madoff is sentenced on Monday for his $65 billion Ponzi scheme, investors may get some sense of vindication. But they will unlikely remain satisfied as they continue to struggle to put their lives back together. You can be almost certain the request by his attorney for leniency and a...

When the Madoff Ponzi scheme first came to light last December, I guessed that it had taken a village to pull it off. A lawyer suing Madoff on behalf of a trust has uncovered some of those village idiots. As I posted, Madoff had eight clients who would tell him how much money they wanted each year...

Federal investigators of the Madoff ponzi scheme expanded their criminal investigations to include some high profile investors who may have known about Bernie Madoff's massive fraud. Two philanthropists who invested heavily with Madoff, Jeffry Picower and Stanley Chais, are among the investors now...