Written by queen mudder
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Topics: bernard madoff

Monday, 26 October 2009

image for The Drowning Pool: Madoff ponzi scam billionaire Jeffry Picower dead
Picower's Palm Beach pool today

Florida - (Rotters): So far there have been no reports of any rampant nymphomaniacs or Paul Newman-lookalike private investigators at risk from some dodgy water-filled hydrotherapy room.

But police probing billionaire philanthropissed Jeffry Picower's drowning haven't totally ruled out blackmail or bent oil tycoons' involvement in this weekend's death.

Picower, 67, a canny New York lawyer pal of convicted ponzi fraudster Bernard Madoff, had somehow managed to cream off around $7 billion from the failed Mossad scam.

He had controlled businesses, trusts and charities that had benefitted from the $85 billion swindle for which Madoff has been jailed for 150 years.

He was found at the bottom of his Palm Beach pool on Sunday during a cooling off period following terse discussions with Florida prosecutors about potential extortion conspiracy charges.

Ruth Madoff is 64.

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