Jeffry M Picower was an American investor involved in the Madoff investment scandal.
11 Facts About Jeffry Picower
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Jeffry Picower was the largest beneficiary of Madoff's Ponzi scheme, and his widow agreed to have his estate settle the claims against it by Madoff trustee Irving Picard for $7.2 billion, the largest single forfeiture in American judicial history.
3.
Jeffry Picower was a certified public accountant and lawyer, but made most of his fortune by investing with Madoff.
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Jeffry Picower was listed by Forbes magazine as one of the 400 richest people in the United States for 2009, his only time on the list.
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However, the Jeffry Picower Foundation was forced to close in 2009 due to losses arising from the uncovering of Madoff's Ponzi scheme.
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Five months later, Mr Jeffry Picower withdrew his original $125 million, leaving $81 million in the account.
7.
On October 25,2009, Jeffry Picower died at his Palm Beach home.
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Jeffry Picower was taken to Good Samaritan Medical Center, where he was pronounced dead about 80 minutes later.
9.
The Palm Beach County Medical Examiner's Office determined that Mr Jeffry Picower suffered a massive heart attack while in the swimming pool resulting in accidental drowning.
10.
In 2011, Barbara Picower resumed her philanthropic activities, setting up a new foundation called the JPB Foundation with assets that remained from Jeffry Picower's estate following the legal settlement.
11.
Barbara Jeffry Picower currently serves as the President and Director of the JPB Foundation.