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26 Oct 2009 06:50

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Biz: Found: Dead guy in a pool. A Bernie Madoff associate. Rich.

  • Jeffry Picower was described as Bernie’s greatest beneficiary. Remember when Ken Lay of Enron died at a convenient time? Looks like he has a new golfing buddy. Picower, one of the 400 wealthiest Americans, was found dead in his multimillion-dollar mansion in Florida. While authorities aren’t suspecting foul play or suicide (he was suffering from Parkinson’s Disease and had heart problems), it’s worth noting that he was in the midst of being sued for $7.2 billion regarding funds he supposedly controlled in the Madoff case. source

13 Oct 2009 10:47

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Biz: Enron’s Jeffrey Skilling gets a Supreme Court hearing for his trial

  • Man, if he gets off … Skilling, the Enron executive who didn’t have the, uh, fortune of dying just before getting sentenced, will get his day in front of the Supreme Court due to questions about the judgment. Skilling says the legal claim that he deprived the company of “honest services” is invalid, and notes that an argument that he did it for personal gain was never made. So off to the top court it goes. source