Madoff Associate Drowns; Trail Grows Cold?

By Brian Skoloff,

A man accused of making more than $7 billion off the investment schemes of jailed financial manager Bernard Madoff drowned after having a heart attack, authorities said Monday.

Jeffry Picower, 67, was found around noon Sunday by his wife, Barbara, at the bottom of a pool at their oceanside mansion.

“He’s at the bottom of the pool. It’s too deep. I can’t get him out,” she cried hysterically on the emergency call. “He must have collapsed … I can’t get him out … I don’t know how long he’s been there.”

She eventually pulled him from the water with help from a housekeeper. He died a short time later at a nearby hospital.

Continue reading Madoff Associate Had Heart Attack, Drowned in Pool

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