SUBJECT-11359.dossier · person · status: archived
JP
subject of file

Jeffry Picower

Largest net-winner from BLMIS; estate paid $7.2B settlement
Tracked because Single largest extractor of fictitious profits from the Madoff scheme; settlement is a fixed point for victim recovery math.
Editorial summary · AI-drafted from public records

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.

Facts on record3
Connections mapped7
Sources cited6
✦ Thin coverage gap +20 connected to 7 entities · only 3 facts on record · flagged for follow-up research
Evidence: 3S
Network web → Timeline → Compare with… → Position Drift → Coverage tone → View on Graph → View Card → Export CSV JSON Dossier ← Entity Directory
Stated vs Revealed
No documented contradictions on file.
TIMELINE Role Overlap Visualizer →
Connection Map
Key Connections
← Bernie Madoff person
beneficiary_of_scheme
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.
→ Irving H. Picard person
subject_of_recovery
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.
← Bernard L. Madoff Investment Securities company
investor
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.
Facts (3)
Data Freshness
Ageing Last update: 159d ago · Avg age: 237d
Confidence Tiers: Primary Source — cross-referenced government/corporate filings Pending Review — sourced but not independently verified AI Inference — analytical hypothesis from cross-referencing
✓ Verified Findings (3)
Independently re-checked: a second model read the source artifact and confirmed it supports the extracted claim.
✓ verified Partially Corroborated Drowned in his Palm Beach swimming pool October 25, 2009.
Date: 2009-10-25 Added: 20 Apr 2026 ↗ SOURCE: Jeffry Picower — Wikipedia
✓ verified Partially Corroborated 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.
Date: 2010-12-17 Added: 20 Apr 2026 ↗ SOURCE: Jeffry Picower — Wikipedia
✓ verified Partially Corroborated Largest single net-winner from the BLMIS Ponzi scheme; withdrawals from his accounts substantially exceeded principal contributions.
All Connections (7)
→ Irving H. Picard person
subject_of_recovery primary since 2010
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.
investor, major_investor_net_winner primary
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.
← Bernie Madoff person
beneficiary_of_scheme primary since 2008
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.
← Frank DiPascali person
related Ponzi scheme beneficiary inferential since 2009
Picower was a major Madoff investor who profited from the fraud; DiPascali's cooperation contributed to asset recovery efforts, though no direct documented connection.
← Mark Madoff person
affiliation secondary since 2008
Jeffry Picower was a major investor and beneficiary of BLMIS operations where Mark Madoff was a director.
← Andrew Madoff person
investor secondary since 2008
Major beneficiary of Madoff scheme; Andrew Madoff's actions were part of the same fraudulent operation that benefited Picower.
← Carl Shapiro person
investor inferential since 2010
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.
Sources (6)
2026-05-10 UNVERIFIED SEARCH_ERROR: Jeffry Picower not found in fec claim_flag Processed 📜 Receipt
2026 UNVERIFIED Research: Jeffry Picower — Parliamentary records (no results) parliamentary_record Processed 📜 Receipt
2026 UNVERIFIED Research: Jeffry Picower — Lobbying disclosures (no results) government_disclosure Processed 📜 Receipt
2026 UNVERIFIED Research: Jeffry Picower — FEC donations (no results) fec_record Processed 📜 Receipt
2026 UNVERIFIED Research: Jeffry Picower — SEC filings (no results) sec_filing Processed 📜 Receipt
2026 UNVERIFIED Research: Jeffry Picower — Court records (no results) court_document Processed 📜 Receipt