Police: Madoff associate Jeffry Picower dies at 67

Police Madoff associate

By
October 26, 2009 06:20

Jeffry Picower, a philanthropist accused of profiting more than $7 billion from the investment schemes of his longtime friend Bernard Madoff, was found at the bottom of the pool at his oceanside mansion and died Sunday, police said. He was 67. Picower's wife discovered his body 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. (1730 GMT). Palm Beach police are investigating the death as a drowning, but have not ruled out anything on the cause of death. Picower suffered from Parkinson's disease and had "heart-related issues," said family attorney William D. Zabel. He described Picower's health as "poor."


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