Victims of douchebag-supreme Bernie Madoff’s Ponzi scheme are getting an early Christmas present. The widow of one of Madoff’s biggest beneficiaries has agreed to return $7.2 billion in proceeds to those who were defrauded.
Barbara Picower is the widow of billionaire philanthropist Jeffrey Picower, the most successful beneficiary of Madoff’s madness. And while the court-appointed trustee for the victims has said there is no way the late Picower could not have known he was profiting from fraud, Ms. Picower maintains her husband’s innocence and says she’s returning the money because it’s the right thing to do.
“This settlement honors what Jeffry would have wanted,” she said in a statement, “which is to return this money so that it can go directly to the victims of Madoff.”
Big Bad Bernie is currently serving a 150-year sentence in a medium security federal prison in Butner, N.C.
Last week, on the second anniversary of his arrest, Madoff’s son Mark, who was also a target of a lawsuit by the trustee committed suicide by hanging himself.