October 27, 2009

Madoff Business Associate Dies

Another associate of the financial manager turned master criminal Bernie Madoff died this week, afer having a heart attack and then drowning.

The man, Jeffry Picower, was allegedly the biggest money winner from Bernie Madoff's illegal financial schemes, walking away for about $7 billion in ill-gotten profits from Madoff's Wall Street big money skullduggery. Picower was the latest of several people connected to the Madoff case who have died since his arrest.

Bernie Madoff, who used to run NASDAQ, was behind the biggest stock market investment firm fraud in Wall Street history.

Madoff Business Associate Dies

A man accused of making more than $7 billion off the investment schemes of jailed financial manager Bernard Madoff drowned after having a heart attack, authorities said Monday...

Madoff Business Associate Dies

Posted at October 27, 2009 5:21 AM


Posted by: CLAUDELL at October 27, 2009 8:48 AM

Too bad the SOB didn't get hit by a bus..........

Instant karma got him!!!!!!!!!!!!!!!!!

Posted by: GRAND POOBAH at October 27, 2009 9:08 AM

What a thing to say. I think in america it goes thus. Innocent till proven guilty. Did Jeff Picower know madoff was a ponzi specialist, or was he just lucky.

Most of those who invested with madoff should have been more carefull. They went after better returns instead of safer returns. Higher the risk, higher the returns. It all boils down to greed. And the greedy got their punishment.

Some got out while the going was good. It important to know is, did they get out knowing that madoff was going to get caught.

So to the two coments above. - GET A LIFE? I'm sure you too said what you said only because it was not you with the 7 billion

Posted by: George Rego at October 27, 2009 10:39 AM

God, sees all, hears all and knows all "AMEN"

Posted by: Anonymous at October 27, 2009 11:14 AM

God, sees all, hears all and knows all "AMEN"

Posted by: T-Dog at October 27, 2009 11:14 AM

God, sees all, hears all and knows all "AMEN"

Posted by: T-Dog at October 27, 2009 11:15 AM

Did he really die of a heart attack or was it just made to like he had a heart attack? Hmmmmm

Posted by: Simman at October 27, 2009 11:26 AM


Since when did we become GOD. Money is the root of all evil, but we still can't judge less we be judged.


Posted by: Nancy M. Ortiz Beard at October 27, 2009 12:01 PM

The "love" of money is the root of all evil. NOT money.

Posted by: milwaukee at October 27, 2009 12:06 PM

Money is not evil persons are evil. It is not the money, it is what you do with the money because if you do good to other with the money you are blessed. God give you free will and choices it is up to us to do the right choice.

Posted by: jenesis at October 27, 2009 1:46 PM

Too bad he couldn't take Madoff with him. They both deserve very painful, slow deaths. May he NOT rest in peace as the ones he robbed have no peace either.

Posted by: lucy at October 27, 2009 4:19 PM

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