$7.2 billion for Jeffry Picower!

Discussion in 'Current Events' started by Freeman, Oct 6, 2009.

  1. Freeman
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    Freeman VIP Member

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    another Kosher fraud around Madoff scandal:
    Jeffry Picower is the second big beneficiary from this Ponzi game, he is sued for $5.1 billion he is alleged to have earned from his participation in Bernie fraud!

    Picower represents himself as "holocaust survivor" and philanthropist in palm Beach :cuckoo:

    Madoff trustee ups claim against investor Picower

    [​IMG]
     
  2. Justin Case
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    Justin Case Member

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    :lol: Isn't that how the scheme was supposed to work? Those first in propped up the "investments" to give an appearance of fantastic returns. Money from later investors was then used to pay the original group of scammers. So how does Picower's argument exemplify his innocence? :lol:
     
  3. editec
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    editec Mr. Forgot-it-All

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    They keep referring to him as "trustee"

    Trustee of what, exactly?

    Madoff's corporation/ponzi scheme?

    Sure looks guilty as hell, but I don't understand his role in the scandal well enough to say for sure.
     
  4. Freeman
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    Freeman VIP Member

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    this zion mogul received 950% as yield rate!!!, it's a joke
     
  5. Freeman
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    Freeman VIP Member

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    he gained billions and he claims to be a victim :eusa_eh:
     

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