And now he’s being sued by the Madoff bankruptcy Trustee. Seems that Jeffrey Picower may have known what mischievous Bernie was up to all along. Bad boy, Jeffrey.
In the days and weeks following the collapse of Bernie Madoff’s Ponzi sheme, the foundations funded by media-shy Jeffrey Picower – The Picower Foundation at MIT and The Picower Institute for Medical Research – were considered some of Madoff’s biggest victims. But, as it turns out, their generous benefactor may have known about the scheme all along, to the tune of $5.1 billion in returns from his various Madoff accounts.
Hey Walt, maybe you can ask this guy for some of your money back – seems as though what you lost ended up in his pocket.