The estate of a Florida businessman has agreed to turn over $7.2 billion to the trustee appointed to recover money for Bernard Madoff’s victims. The widow of Jeffry Picower, who is believed to have received the single-largest beneficiary of Madoff’s Ponzi scheme, has agreed to return “proceeds” collected over 35 years. According to Preet Bharara, [...]

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Update Sources close to the Madoff’s say Mark had been depressed for several months before his suicide as the taint attached to his name made it impossible for him to find a job. They said the suit that was filed against him and his brother on Friday was the straw that finally broke the camel’s [...]

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