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https://edition.cnn.com/2021/04/14/b...ead/index.html
but that is not the interressting part of the story, meet jeffry picower the man who most likely extorted madoff until his ponzi scheme fell apart.
In the 1990´s up until 2000 picower and his wife got anual returns ranging from 120% to 550%, which in my opinion is a sign picower knew what madoff was doing and had a little black suitcase in a safe somewhere ready to expose him.
so what happened to the money? well after everything fell apart the trustee files a lawsuit against picower´s estate and his wife hat to return 7,2 billion$. Picower died in 2009 before the verdict.
His wife returned 7,2 billion and in 2011 started a foundation for her philanthropic activities with a starting capital of 100 million which was in 2018 3,8 billion.
talking about the perfect crime nobody was every criminally charged, picower died of a heart attack of old age and i am sure he got more out of madoff then those 7.2 billion$
https://en.wikipedia.org/wiki/Jeffry_Picower
but that is not the interressting part of the story, meet jeffry picower the man who most likely extorted madoff until his ponzi scheme fell apart.
In the 1990´s up until 2000 picower and his wife got anual returns ranging from 120% to 550%, which in my opinion is a sign picower knew what madoff was doing and had a little black suitcase in a safe somewhere ready to expose him.
so what happened to the money? well after everything fell apart the trustee files a lawsuit against picower´s estate and his wife hat to return 7,2 billion$. Picower died in 2009 before the verdict.
His wife returned 7,2 billion and in 2011 started a foundation for her philanthropic activities with a starting capital of 100 million which was in 2018 3,8 billion.
talking about the perfect crime nobody was every criminally charged, picower died of a heart attack of old age and i am sure he got more out of madoff then those 7.2 billion$
https://en.wikipedia.org/wiki/Jeffry_Picower
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