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  • Picower’s Madoff take estimated to be $7.2 billion

    Picower's Madoff take estimated to be $7.2 billion
    October 1, 2009 --

    For a man who cherishes his privacy, the attention Jeffry Picower received on Thursday must have made him wince. On the same day that Forbes revealed he had earned a coveted spot in the magazine’s list of the 400 wealthiest Americans, a new court filing added $2.1 billion to the $5.1 billion he is alleged to have earned from his participation in Bernard Madoff’s Ponzi scheme.