Saturday, December 20, 2008

Madoff bags the Picower Foundation

The second largest foundation in Florida, the Picower Foundation, which gave out $270 million over the last two decades was wiped out with the Madoff scandal. It's supposed $1 billion dollars is now gone.

Jeffrey Picower has been self dealing, and involving himself with shady dealing for the better part of two decades.

How ironic is it then, that he was taken by Madoff?

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