$7.2 Billion Picower Settlement: Payday for Madoff Victims
The widow of a Madoff associate has agreed to give back $7.2 billion in "profits" from the Ponzi master. Allan Dodds Frank on the Picower fortune's origins, and why it's not nearly enough for some of the defrauded.
Jeffry Picower - an "investor" with Bernie Madoff, right, for 35 years - was one of the few who actually withdrew billions of dollars more from Bernie than he gave to history's biggest Ponzi artist. (Photos: Getty Images; AP Photo)
