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  • Picower estate to return $7 billion made in Madoff scam

    December 17, 2010 | 10:38 am

    The estate of one of the largest beneficiaries of Bernard Madoff’s multibillion dollar Ponzi scheme, Jeffry Picower, has agreed to return $7 billion to Madoff’s victims.

    The figure is the difference between the amount of cash that Picower, a Jewish investor, put into his account...