http://s3.amazonaws.com/propublica/assets/docs/picower/PicardvPicowerComplaint.pdf It appears to me there is rock solid evidence Picower was in on the fraud (Back-dated trades in brand new accounts, for example). Good insight on how the top level international financial criminals operate.
madoff investors getting 40% of their money back plus 60% loss is tax deductbile. in wall street most pump and dump investment fraud get less than 10% back or worse nothing for individual stocks if the company goe bankrupt.. bagholders of worthless stocks get 0 back. at least madoff investors get back 40%. wall street crooks are worse than a ponzi scheme. selling worthles stocks and worthless bonds.
Isn't it funny how the Picower Estate all of the sudden is going to give money back? Bunch of crooks! http://www.msnbc.msn.com/id/40716871/ns/business-us_business/
I read abt Picower on wiki, Its all very vague. How did he make so much money as an accountant? seems all a bit shady to me