However, the most recent news is not speculative but involves a fact that Madoff's friend, Jeffry Picower was found dead at the bottom of his pool at his Palm Beach mansion. Here are a few claims from an article posted yesterday on CNNMoney.com:
- Picard is listed as one of the wealthiest Americans by Forbes magazine.
- Madoff trustee, Irving Picard, claims Picower was complicit in the fraud.
- Picard claims that "Picower was the biggest beneficiary of Madoff's scheme, having withdrawn either directly or through the entities he controlled more than $7.2 billion of other investors' money."
- Picower was being sued by the Madoff trustee for $7.2 billion.