{"entity":{"id":11359,"slug":"jeffry-picower","name":"Jeffry Picower","type":"person","role":"Largest net-winner from BLMIS; estate paid $7.2B settlement","description":"Investor and largest single beneficiary of the Madoff Ponzi scheme. Drowned October 25, 2009. His widow Barbara Picower settled with the BLMIS trustee for $7.2 billion in December 2010 — the largest forfeiture in U.S. history at the time.","imageUrl":null,"createdAt":"2026-04-20T11:22:01.543Z","updatedAt":"2026-05-19T09:34:50.051Z"},"electedOffice":null,"significance":{"score":4.2,"components":{"totalFindings":0,"connectionDegree":3.2,"recentFindings90d":0,"activeResearchJobs":0,"goblinAttributions":1,"recentSyntheses90d":0,"moneyFlowChainsTotal":0,"closedLoopMemberships":0,"moneyFlowHopsRecent90d":0},"computedAt":"2026-10-16T01:34:31.424Z"},"facts":[{"id":20587,"text":"On December 17, 2010 his widow Barbara Picower agreed to forfeit $7.2 billion to the BLMIS trustee and U.S. government — the largest single forfeiture in U.S. history at the time.","confidence":"secondary","dateOccurred":"2010-12-17","source":{"title":"Jeffry Picower — Wikipedia","url":"https://en.wikipedia.org/wiki/Jeffry_Picower","publication":"Wikipedia"}},{"id":20588,"text":"Drowned in his Palm Beach swimming pool October 25, 2009.","confidence":"secondary","dateOccurred":"2009-10-25","source":{"title":"Jeffry Picower — Wikipedia","url":"https://en.wikipedia.org/wiki/Jeffry_Picower","publication":"Wikipedia"}},{"id":20589,"text":"Largest single net-winner from the BLMIS Ponzi scheme; withdrawals from his accounts substantially exceeded principal contributions.","confidence":"secondary","dateOccurred":null,"source":{"title":"Jeffry Picower — Wikipedia","url":"https://en.wikipedia.org/wiki/Jeffry_Picower","publication":"Wikipedia"}}],"connections":[{"id":18017,"relationshipType":"investor","description":"Both Carl Shapiro and Jeffry Picower were large, early investors in Bernard L. Madoff Investment Securities, with both subject to clawback proceedings by the Madoff trustee.","confidence":"inferential","firstDocumented":"2010","lastDocumented":null,"other":{"id":11360,"name":"Carl Shapiro","slug":"carl-shapiro","type":"person"}},{"id":17988,"relationshipType":"related Ponzi scheme beneficiary","description":"Picower was a major Madoff investor who profited from the fraud; DiPascali's cooperation contributed to asset recovery efforts, though no direct documented connection.","confidence":"inferential","firstDocumented":"2009","lastDocumented":null,"other":{"id":11357,"name":"Frank DiPascali","slug":"frank-dipascali","type":"person"}},{"id":19581,"relationshipType":"major_investor_net_winner","description":"Picower was the single largest net-winner from the BLMIS scheme; estate forfeited $7.2 billion to trustee and U.S. government in December 2010.","confidence":"primary","firstDocumented":null,"lastDocumented":"2010-12-17","other":{"id":11355,"name":"Bernard L. Madoff Investment Securities","slug":"bernard-l-madoff-investment-securities","type":"company"}},{"id":18015,"relationshipType":"subject_of_recovery","description":"Following Picower's death, his widow Barbara Picower agreed to forfeit $7.2 billion to BLMIS trustee Irving H. Picard and the U.S. government in 2010, the largest single forfeiture in U.S. history at the time.","confidence":"primary","firstDocumented":"2010","lastDocumented":null,"other":{"id":11358,"name":"Irving H. Picard","slug":"irving-h-picard","type":"person"}},{"id":17932,"relationshipType":"beneficiary_of_scheme","description":"Jeffry Picower was a Madoff investor who withdrew billions more than he invested; his estate later settled for $7.2 billion in a clawback action.","confidence":"primary","firstDocumented":"2008","lastDocumented":null,"other":{"id":11354,"name":"Bernie Madoff","slug":"bernie-madoff","type":"person"}},{"id":11162,"relationshipType":"investor","description":"Picower was the single largest net-winner from the BLMIS scheme; estate forfeited $7.2 billion to trustee and U.S. government in December 2010.","confidence":"primary","firstDocumented":null,"lastDocumented":"2010-12-17","other":{"id":11355,"name":"Bernard L. Madoff Investment Securities","slug":"bernard-l-madoff-investment-securities","type":"company"}},{"id":18041,"relationshipType":"investor","description":"Major beneficiary of Madoff scheme; Andrew Madoff's actions were part of the same fraudulent operation that benefited Picower.","confidence":"secondary","firstDocumented":"2008","lastDocumented":null,"other":{"id":11362,"name":"Andrew Madoff","slug":"andrew-madoff","type":"person"}},{"id":18023,"relationshipType":"affiliation","description":"Jeffry Picower was a major investor and beneficiary of BLMIS operations where Mark Madoff was a director.","confidence":"secondary","firstDocumented":"2008","lastDocumented":null,"other":{"id":11361,"name":"Mark Madoff","slug":"mark-madoff","type":"person"}}],"contradictions":[],"permalink":"https://www.goblinhouse.net/entity/jeffry-picower","timelineUrl":"https://www.goblinhouse.net/entity/jeffry-picower/timeline"}