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Madoff Billionaire Found Dead in Palm Beach Swimming Pool
ABC ^

Posted on 10/25/2009 6:00:55 PM PDT by Chet 99

Oct. 25, 2009—

The man who made $7 billion in the Bernie Madoff Ponzi scheme, Jeffry Picower, was found dead in his Palm Beach, Fla., swimming pool Sunday.

The Palm Beach Fire Department told ABC News that Picower had no pulse when fire rescue workers arrived at his oceanfront mansion after his wife called 911. She and his housekeeper pulled his body from the pool shortly after noon.

No one benefited more from the Madoff scheme that Picower, according to bankruptcy lawyers who sued him and alleged he had taken out $7 billion more than he had put in.

Click here to go behind the scenes of Brian Ross' investigation into Bernie and Ruth Madoff.

Investigators told ABC News.com that Picower would also have likely faced criminal charges.

Some investigators considered Picower to have been the actual mastermind of Madoff's massive con, or at least an equal "partner in crime."

"He made 30 times what Madoff did from the scam and about a third of the missing money went to Picower," said one of the investigators on the case Sunday.

Police said they did not yet know the cause of death.

(Excerpt) Read more at abcnews.go.com ...


TOPICS: News/Current Events; US: Florida
KEYWORDS: billionaires; drowning; madoff; nopitbullinvolved; picower
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1 posted on 10/25/2009 6:00:55 PM PDT by Chet 99
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To: Chet 99

Why was he still swimming around free? Sorry if I sound cold...he had a not so short, priviledged life on other people’s money.


2 posted on 10/25/2009 6:02:25 PM PDT by Hildy
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To: Chet 99

Someone is typing up loose ends...


3 posted on 10/25/2009 6:04:35 PM PDT by Diana in Wisconsin (Save The Earth. It's The Only Planet With Chocolate.)
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To: Chet 99

A horse head was found on the lounge chair.


4 posted on 10/25/2009 6:04:55 PM PDT by Parley Baer
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To: Chet 99

Related:

http://www.freerepublic.com/focus/f-news/2370653/posts


5 posted on 10/25/2009 6:05:57 PM PDT by maggief
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To: Chet 99
Police said they did not yet know the cause of death.

I'm going to go out on a limb here and suggest that maybe it was because he stopped breathing.

/johnny

6 posted on 10/25/2009 6:07:46 PM PDT by JRandomFreeper (Gone Galt)
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To: Chet 99

That will teach him to play Marco Polo within earshot of a childless adult


7 posted on 10/25/2009 6:08:05 PM PDT by Cyman
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To: Chet 99

M.I.T. President Charles M. Vest (left) and Cambridge Mayor Michael Sullivan (right) do some shoveling at the ceremonial groundbreaking for the Picower Center for Learning and Memory. Barbara and Jeffry Picower (center) donated $50 million through the Picower Foundation towards the new center.

--The Tech (online edition)

8 posted on 10/25/2009 6:13:25 PM PDT by Cicero (Marcus Tullius)
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To: Diana in Wisconsin

Jeffry sleeps with the floating chlorinating duckie.


9 posted on 10/25/2009 6:16:25 PM PDT by hemogoblin (Obama - The Potentate of Parasites)
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To: Chet 99
pit bull drown him?

just kidding:)

10 posted on 10/25/2009 6:17:14 PM PDT by TornadoAlley3 (Obama is everything Oklahoma is not.)
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To: Hildy

I Don’t feel bad for this clown either.


11 posted on 10/25/2009 6:17:53 PM PDT by Red in Blue PA (Obama, Hitler, Stalin: Who are 3 people nominated for the Nobel Peace Prize.)
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To: JRandomFreeper
Maybe he drowned?
12 posted on 10/25/2009 6:21:17 PM PDT by TNoldman (Conservative Values FOREVER! LION = Let's Impeach Obama Now!)
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To: Diana in Wisconsin

“Someone is typing up loose ends...”

The Secretary did it?

Bwaa-Haa-Haa! Did I really say that? LOL! I’m funny, even when I don’t mean to be.

‘Someone is TYING up loose ends.’ *SNORT*


13 posted on 10/25/2009 6:24:24 PM PDT by Diana in Wisconsin (Save The Earth. It's The Only Planet With Chocolate.)
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To: TornadoAlley3

HAHA was scanning to see if someone would mention if a pit bull was involved because I was about to write, “ So Chet, I bet you think a Pitbull jumped in the pool and killed him!


14 posted on 10/25/2009 6:30:22 PM PDT by MAD-AS-HELL (Hope and Change. Rhetoric embraced by the Insane - Obama, The Chump in Charge)
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To: Red in Blue PA
HOUSE OF GOLD
Hank Williams

People steal, they cheat and lie
For wealth and what it will buy
Don't they know on the judgement day
That their gold and silver will melt away

I'd rather be in a deep, dark grave
And know that my poor soul was saved
Than to live in this world in a house of gold
And deny my God and doom my soul

Jesus said ,come on to me
I’ll break sin’s chains and set you free
I´ll carry you to a home on high
Where you´ll never, never die

What good is gold and silver, too
When your heart's not good and true
Sinner hear me when I say
Fall down on your knees and pray

I said hear me when I say
Fall down on your knees and pray.

15 posted on 10/25/2009 6:30:35 PM PDT by Hildy
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To: Hildy

Old school Country.

Thanks for sharing.


16 posted on 10/25/2009 6:34:47 PM PDT by ASOC (Cave quid dicis, quando, et cui)
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To: Cicero
It is very sad indeed, but at least some of the ill-gotten money may do some good.
17 posted on 10/25/2009 6:52:55 PM PDT by TopQuark
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To: TopQuark

The Federal Reserv steals/devalues Madoff life sums every day.


18 posted on 10/25/2009 7:21:26 PM PDT by Leisler (It's going to be a hard, long winter)
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To: Chet 99

Hard to swim w/3 holes in the back of your head.

Pray for America’s Freedom


19 posted on 10/25/2009 7:25:36 PM PDT by bray (Hope and Corruption)
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To: Cicero

Hopefully, he enjoyed his life on this earth. I imagine his eternity won’t be as nice. Good riddance to bad rubbish.


20 posted on 10/25/2009 7:45:57 PM PDT by Gapplega
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