Accused Madoff conspirator found at bottom of swimming pool
The intriguing trials of Bernie Madoff have taken yet another turn.
At a time when the Ponzi schemer’s every move had already become tabloid fodder, an associate of the disgraced financier was found recently at the bottom of his oceanside swimming pool.
Jeffry Picower, who is accused of netting more than $7 billion from the Madoff scam, died a short time later at a nearby hospital.
The 67-year-old’s death has already become a lightning rod for conspiracy theorists, and perhaps with good reason.
Many victims of Madoff’s con said Picower was the fraud’s “biggest beneficiary,” according to the Associated Press, and had demanded publicly that he return the “allegedly bogus profits.”
The tax-shelter expert always maintained his innocence in the ordeal, but his critics told the Boston Herald they find it “extremely odd that Madoff was for some reason apparently willing to pay (him) more than $7 billion” from the scam, reportedly more than Madoff himself cashed out.
So it was with a raised eyebrow that the weekend death of Picower, just named no. 371 on the Forbes 400 list of the wealthiest Americans, was met with Monday.
Amid rampant speculation, however, the smoke doesn’t appear to lead to fire.
Suggestions in the media that Picower – found at his sprawling $33 million Palm Beach estate – was murdered or perhaps killed himself may be unfounded.
Autopsy results are pending, but Florida authorities have initially ruled out foul play.
“Obviously, we won’t have results (of toxicology tests) for a couple weeks,” said Dr. Michael Bell, Palm Beach County’s chief medical examiner, “but we don’t anticipate them showing anything.”
By Jason Buckland, MSN Money
Posted by: Mental | Oct 27, 2021 12:34:02 PM
Burn in hell .
I hope your buddy Madoff will do everyone a favor and follow you soon.
Posted by: mkv | Oct 27, 2021 12:58:29 PM
Both of them should die a thousand times for their crimes. Prison term is not enough. Bye!
Posted by: CFL | Oct 27, 2021 2:53:18 PM
It is really hard to feel sorry for someone like this. Payment received in full from him I would say although it does not help repay those who where harmed by this scam.
Posted by: alex | Oct 27, 2021 5:25:56 PM
after you strip him of everything he and his family own Sharia law should be imposed cut off his hands ... i guess its to late, maybe the others ????
Posted by: Mad-Girl | Oct 28, 2021 1:21:42 AM
Should Madoff's wife been permitted to keep assets? I think not! Everything she was permitted to keep was obtained through the commission of a crime - not even big time drug dealers are allowed to do that. How did the courts justify that Ms. Madoff should not lose everything, when all of their unsuspecting clients did?? I think that this is a huge injustice of our court system - SHAME on the judge who made that brainless ruling!!!!
Posted by: J. Steed | Oct 31, 2021 12:38:18 PM
As much as this is good news, I think he took the easy way out.
Posted by: Vinnie | Nov 1, 2021 6:57:35 PM
The world is a better place. Hell just got hotter....
Posted by: Brent Anderson | Nov 1, 2021 9:52:29 PM
Burn in Hell you theiveing peice of ***** You don't even rate this kind of story. Maybe Bernie will get the hint I will leave a shoelace under his pillow for him!!!