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Picower estate agrees to repay Madoff victims - MarketWatch
SAN FRANCISCO (MarketWatch) -- The estate of Jeffry Picower has reached an agreement with the trustee for the liquidation of Bernard Madoff Investment Securities and federal prosecutors to compensate victims of Madoff's Ponzi scheme, the U.S. Attorney for the Southern District of New York said Friday. The settlement is expected to total $7.2 billion and is by far the largest related to Madoff's case, the Wall Street Journal reported.
SAN FRANCISCO (MarketWatch) -- The estate of Jeffry Picower has reached an agreement with the trustee for the liquidation of Bernard Madoff Investment Securities and federal prosecutors to compensate victims of Madoff's Ponzi scheme, the U.S. Attorney for the Southern District of New York said Friday. The settlement is expected to total $7.2 billion and is by far the largest related to Madoff's case, the Wall Street Journal reported.
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