All Washed Up, Madoff Associate Edition

October 26th, 2009 by alyx · 1 Comment · madoff


Perhaps the only relief from the specter of association with Bernie Madoff is the sweet release of death. Reporting, as solemnly as is possible around here, the death of Bernie Madoff’s associate Jeffry Picower, of the kind of natural causes that could take down any garden-variety fatcat:

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.

An autopsy conducted Monday found he suffered a heart attack and drowned, said Dr. Michael Bell, chief medical examiner for Palm Beach County. The death has been ruled accidental, and the heart attack was brought on by heart disease.

RIP, Jeffry. The litigation against his estate, of course, where the Madoff trustee seeks to recover the aforementioned seven bil, will go on.

One Comment so far ↓

  • mr3

    Adam Shapiro: “We hope to have some details released to the public…and if there was foul play, we would hope to find out if that was the case.”

    Yeah. That’ll happen. And it was mysteriously convenient for…uh, no reason at all.

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