Madoff Investor Found Dead In Swimming Pool
By: RNS
Updated: October 25, 2009
(Palm Beach, FL) -- A man who made more than seven-billion dollars on investments with confessed swindler Bernard Madoff has been found dead in his swimming pool in Palm Beach, Florida.
The body of 67-year-old Jeffery Picower was found at the bottom of the pool by his wife Sunday afternoon.
He was pronounced dead at a nearby hospital.
Picower reportedly suffered from heart ailments and Parkinsons disease.
Police are conducting a routing drowning investigation. Picower, a pal of Madoff, was under federal probe. U.S. prosecutors are trying to figure out if he knowingly profited from Madoffs $65-billion Ponzi scheme.
Picower was named in a lawsuit to recover money for unwitting investors who were cheated. He was also in negotiations with a court-appointed trustee to give some of the money back.
Picower was said the be the biggest beneficiary of the Madoff swindle.
