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(Image from article: "Madoff beneficiary to return $7bn")

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Barbara Picower Topics

Bernard Madoff - All
Ponzi Scheme - All

Madoff beneficiary to return $7bn

The widow of a businessman who was the single-largest beneficiary of Bernard Madoff's Ponzi fraud agrees to return $7.2bn (£4.5bn). Barbara Picower said Madoff's fraud was "deplorable" and promised to return money accrued over 35 years of investing with Madoff.

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