The estate of Jeffry Picower, a major investor in Bernard Madoff’s Ponzi scheme, has agreed to repay $7.2 billion to victims of the fraud in a settlement with the trustee overseeing the investment firm’s bankruptcy and federal prosecutors in Manhattan, according to people familiar with the situation. – WSJ
Disclaimer: This page contains affiliate links. If you choose to make a purchase after clicking a link, we may receive a commission at no additional cost to you. Thank you for your support!