INVESTOR WITH MADOFF IS FOUND DEAD IN HIS POOL


	INVESTOR WITH MADOFF IS FOUND DEAD IN HIS POOL

ellington

10-27-2009 1:16 AM

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tags:

madoff, picower, investor, philanthropist

3 Comments |

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10-27-2009 10:03 AM

chestnut501

"philanthropist accused of reaping about $7 billion in profit from Bernard L. Madoff’s vast Ponzi scheme"

A good reason not to trust people who advertise their generosity

10-27-2009 10:33 AM

Steve Savage

Mr. Picower, who was 67, had a history of “cardiac issues” and had Parkinson’s disease.

He didn't have the heart to shake off the guy who was holding him under.

10-27-2009 10:40 AM

chestnut501

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/4f6af6ad-0941-4c7e-8356-4d42a7ad4e16/D6A4C5E7-68FB-4597-8132-FD3D61CCEE54/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.nytimes.com/2009/10/26/business/26madoff.html?em#" href="http://www.nytimes.com/2009/10/26/business/26madoff.html?em#" style="font-size: 11px;">www.nytimes.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.nytimes.com/2009/10/26/business/26madoff.html?em#"><NYT_HEADLINE type=" " version="1.0">
Investor With Madoff Is Found Dead in His Pool
</NYT_HEADLINE></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.nytimes.com/2009/10/26/business/26madoff.html?em#"><div align="center"><img src="http://content6.clipmarks.com/blog_cache/www.nytimes.com/img/48FF8777-A641-4D66-B129-22186037DF29" alt="" /></div></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.nytimes.com/2009/10/26/business/26madoff.html?em#"><P class="caption">
Jeffry Picower, a well-known Wall Street investor, with his wife, Barbara. The two were prominent philanthropists. 
</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.nytimes.com/2009/10/26/business/26madoff.html?em#"><P>Jeffry M. Picower, a prominent philanthropist accused of reaping about $7 billion in profit from <A title="More articles about Bernard L. Madoff." href="http://topics.nytimes.com/top/reference/timestopics/people/m/bernard_l_madoff/index.html?inline=nyt-per">Bernard L. Madoff</A>’s vast <A title="More articles about Ponzi schemes." href="http://topics.nytimes.com/top/reference/timestopics/subjects/f/frauds_and_swindling/ponzi_schemes/index.html?inline=nyt-classifier">Ponzi scheme</A>, was found dead on Sunday afternoon in a swimming pool at his mansion in Palm Beach, Fla.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.nytimes.com/2009/10/26/business/26madoff.html?em#"><P>In the last year, Mr. Picower’s life had become a tangle of litigation arising from his disputed role in the Ponzi scheme operated by Mr. Madoff, who was arrested in December and pleaded guilty in March to operating a long-running fraud that cost thousands of victims billions of dollars.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.nytimes.com/2009/10/26/business/26madoff.html?em#"><P>An autopsy has been ordered to confirm the cause of death. William D. Zabel, a family lawyer, said that Mr. Picower, who was 67, had a history of “cardiac issues” and had Parkinson’s disease.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/D6A4C5E7-68FB-4597-8132-FD3D61CCEE54/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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