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Tag: Picower

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  • Judge approves $7.2-billion Madoff settlement

    By JewishJournal.com

    January 13, 2011 | 12:28 pm

    The largest settlement to date in the Bernard Madoff multi-billion dollar Ponzi scandal has been approved by a U.S. judge today, the Los Angeles Times reports.

    A U.S. judge approved a $7.2 billion settlement on Thursday to pay former customers of the Madoff firm, the largest yet in...

  • 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...