Oct 26 2009 | 12:48pm ET
Jeffry Picower, said to be the largest individual beneficiary of Bernard Madoff’s Ponzi scheme, was found dead yesterday in his Palm Beach, Fla., pool.
Picower, who allegedly withdrew more than $7.2 billion from his accounts with Bernard L. Madoff Investment Securities over the past two decades, was found at the bottom of the pool by his wife, Barbara, who runs his charitable foundation. He was rushed to a nearby hospital and pronounced dead about an hour and a half later; an autopsy is being performed today to determine the cause of death.
Feb 3 2014 | 9:27am ET
In recognition of his extraordinary dedication to philanthropy, Marathon Asset Management’s Bruce Richards will be presented with the Award for Caring during the 16th Annual New York Open Your Heart to the Children Benefit, which takes place on Thursday, March 6. The gala, the largest gathering that Hedge Funds Care/Help For Children holds worldwide, will bring together 1,000 hedge fund executives to raise funds to help prevent and treat child abuse in New York, New Jersey and Connecticut. Read more…