BARBARA WILLING TO PAY TO GET FEDS OFF HER CASE WITH MADOFF
Jeffery Picower, perhaps a secret partner of Maddoff was paid billions. Jeffery, age 67, died in his Palm Beach mansion swimming pool last year, Today, his widow, Barbara, has announced to federal courts she would return $7.2 BILLION DOLLARS that Jefferey got from Madoff. Madoff, of course, is in prison. Jeffery was under investigation for his part in the Ponzi scheme.
The return of the BILLIONS means Madoff's victims may get 1/2 or more of their investment losses back as a settlement. Some victims have taken jobs as maids due to Madoff's scams. Don't cry for Barbara. Her husbands invetments on the money increased their booty thousands of times. Maybe she should shell out more.
Saturday, December 18, 2010
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