Entries by John Graham

The Picower/Madoff settlement: Fooling some of the people all of the time…

Basically, my headline The Picower Madoff settlement: A $7.2 Billion Whitewash is proving correct. As I write this, the 5th most popular article on the webzine of influential Jewish periodical The Forward is In New Madoff Filings, Largest Beneficiary of Fraud Was Possibly Unaware of Ponzi Scheme by Josh Nathan-Kazis December 22, 2010 Jeffry Picower, […]

The Picower settlement: Racketeering Rewarded

At The Daily Beast Allan Dodds Frank has supplied a valuable perspective on the Picower settlement – although you need to be alert to see it. “Payday for Madoff Victims” (December 18 2010) first of all refutes Barbara Picower’s tendentious assertion: “I want to underscore the fact that neither the Trustee nor the U.S. Attorney […]

The Picower Madoff settlement: A $7.2 Billion Whitewash

On Friday the astonishing news broke that the estate of Jeffrey M. Picower had agreed to cough up $7.2 billion to the liquidator of the Bernard Madoff fraud and the Federal Government. (See Zachary A. Goldfarb, “Madoff investor’s widow to return money,” The Washington Post, Dec. 18, 2010.) This news was astonishing because the amount — […]