Bernard L. Madoff believed that one of his billionaire investors, Jeffry Picower , may have suspected him of running a Ponzi scheme, according to a book by Diana B. Henriques .
A group of victims of Bernard L. Madoff ’s Ponzi scheme objected to a settlement in which the estate of Jeffry Picower agreed to forfeit $7.2 billion he made in the fraud.
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The estate of billionaire Jeffry Picower , an investor in Bernard L. Madoff ’s Ponzi scheme, agreed to forfeit $7.2 billion to victims of the fraud, bringing the amount collected by authorities to $9.8 billion.
"I am absolutely confident that my husband Jeffry was in no way complicit in Madoff' s fraud."
- Barbara Picower on Jan 13, 2011