Madoff Associate Found Dead in Pool
Posted on 26. Oct, 2009 by Shera Crossan in Business & Finance, Economy, Events, Hidden Crimes, Israel & Jewish Issues, Shera Crossan, Top Stories
The death of Jeffry Picower, accused of profiting more than $7 billion from the investment schemes of his longtime friend Bernard Madoff, will make it more difficult for suing investors to recoup their money, attorneys said. Picower’s wife, Barbara, on Sunday discovered the 67-year-old’s body at the bottom of the pool at their oceanside mansion and pulled him from the water with help from a housekeeper, authorities said. He was pronounced dead at Good Samaritan Medical Center at about 1:30 p.m. Palm Beach police are investigating the death as a drowning, but have not ruled out anything on the cause of death.
Picower had been accused by jilted investors of being the biggest beneficiary of Madoff’s schemes. In a lawsuit to recover Madoff’s assets, trustee Irving Picard demanded Picower return more than $7 billion in bogus profits. In an e-mailed statement Sunday, Picard said only that “litigation will continue.”More
From the facts as known today Picower ended up getting fifty times (x50) more cash from the ponzi than Madoff! Do you see a problem here? Or as Tobor the robot used to to say, ‘This does not compute’.
Picower has emerged as the big mystery man in the Madoff scandal. Somehow he ended up with 5.1 billion of the ponzi cash! Nobody knows how much actual cash went into Madoff’s ponzi, but my guess is something like 15 to 25 billion. (Add 12 billion that NYT estimates was withdrawn in 2008 to the 13 billion in claims and you get 25 billion, but some of the claims probably don’t meet Picard’s ‘net cash’ criteria.) Also the record shows Bernie was doing all sorts of favors for Picower, phoney super high returns, phoney tax loss statements. What’s going on here?
“In reality, this was not a financial scandal, but a well-run confidence game. Not a penny of the $13.2 billion that disappeared was lost in the stock market. The lion’s share of this loot exited through a few accounts (biggest by far being Picower’s) that had been systematically inflated with non-existing “profits” over two decades and its ultimate whereabouts still remains a mystery.” (Edward J. Epstein web log on New Republic site 7/26/09)more
HIP,HIP, HOOORAAYY Burn in Hell you filthy Shit from a pig
Nah, we’d never be so lucky. By now, no doubt, he has a good tan started in whatever small island nation he has purchased with other people’s money.
From the picture they look like two characters out of a soap opera.
What good did all that money do you now?
My sentiments exactly.
Another rotten to the core Jew thieving lying scum.
Rot in hell you SOB.
What a shame.
wherever there is large scale fraud, a certain tribe is involved and this is not different.
Sounds too convenient. I wonder if this is an elaborate hoax….they seem to be good at that. Maybe there’s a hobo (same age, height, weight, and general appearance) who disappeared recently. I would also be suspicious if the body gets cremated too quickly.
Remember the rabbis who were recently charged in the human organ trafficing scandal? Maybe they know something.
Seven billion dollars could pay for quite an elaborate coverup, ya know.
This is most likely a case of Jew on Jew violence. It’s happened many times before, to every race or tribe.
Madoff royally screwed more Kikes than White Nationalists have since the Third Reich. I don’t understand how fellow WN’s consider this a bad thing, unless they feel bad for all the Hollywood race-traitor trash who lost their third-world charity investments.