Results tagged “jeffrypicower”

The Palm Beach medical examiner's office says that Jeffry Picower, who allegedly took in $7 billion from friend Bernard Madoff's Ponzi scheme, died by a drowning that was caused by a massive heart attack. ABC News reports, "[Dr. Michael] Bell told ABC News that the toxicology results will take ten weeks and if there is anything found that could have contributed to Picower's death he will amend the death certificate."

Jeffry Picower, the friend of Bernard Madoff who allegedly saw up to a 950% return on his investments with the Ponzi schemer and was being sued for $7 billions in clawbacks, was found dead in his Palm Beach home. The AP reports, "The Palm Beach Police Department said Picower was found at the bottom of his Palm Beach home's pool Sunday afternoon by his wife and could not be revived by Palm Beach fire rescue workers."