BREAKING NEWS

Bernard Madoff associate who extracted billions found dead in pool

Bernard Madoff associate

OCTOBER 25, 2009 22:32

Palm Beach authorities said on Sunday that Jeffry Picower, a Florida philanthropist and a friend of Bernard Madoff for decades, has died. He was 67. Picower was the former New York lawyer and accountant alleged to have extracted billions of dollars from the Bernard Madoff investment scheme. Authorities said he 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. Picower was transported to Good Samaritan Hospital where he was pronounced dead at about 1:30 p.m.

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