Barbara Picower
Encyclopedia
Barbara Picower is Jeffry Picower
's widow. She and her daughters were willed some $250 million from Jeffry's estate. The Picowers were family friends, early investors and massive beneficiaries of Bernard Madoff
's criminal Ponzi scheme over 35 years, as was revealed in 2008. Her husband Jeffry had died of heart attack and drowning in 2009, and Bernard Madoff's son Mark died of suicide in 2010. Barbara reached an agreement in 2010 with Irving Picard
and others to return $7.2 billion in illegitimate Picower proceeds to the public trustee of later Madoff investors who have lost an estimated $12 to $20 billion.
Jeffry Picower
Jeffry M. Picower was an American investor and noted philanthropist involved in the Madoff investment scandal...
's widow. She and her daughters were willed some $250 million from Jeffry's estate. The Picowers were family friends, early investors and massive beneficiaries of Bernard Madoff
Bernard Madoff
Bernard Lawrence "Bernie" Madoff is a former American businessman, stockbroker, investment advisor, and financier. He is the former non-executive chairman of the NASDAQ stock market, and the admitted operator of a Ponzi scheme that is considered to be the largest financial fraud in U.S...
's criminal Ponzi scheme over 35 years, as was revealed in 2008. Her husband Jeffry had died of heart attack and drowning in 2009, and Bernard Madoff's son Mark died of suicide in 2010. Barbara reached an agreement in 2010 with Irving Picard
Irving Picard
Irving H. Picard is a partner in the law firm Baker Hostetler. He graduated from the Wharton School, University of Pennsylvania, with a B.S. degree , from Boston University School of Law with a J.D. degree , and from the New York University School of Law with an LL.M. degree in 1967, and was...
and others to return $7.2 billion in illegitimate Picower proceeds to the public trustee of later Madoff investors who have lost an estimated $12 to $20 billion.