"I commend Barbara Picower for agreeing to return this staggering sum, which was really always other people's money."Preet Bharara, U.S. attorney for the Southern District of New York, after the widow of deceased billionaire Jeffry Picower agreed to return $7.2 billion collected over 35 years from the Madoff Ponzi scheme. He had deposited only $619 million in the fund.
SOURCE: "Feds nab $7.2 billion for Madoff victims" by Aaron Smith, December 17, 2010.
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