Feds Get $7.2 Billion in Forfeitures for Madoff Victims
By Allan Lengel ticklethewire.com Well, it’s beginning to look a lot more like Christmas. The U.S. Attorney’s Office in New York announced Friday that the estate of Jeffry M. Picower has agreed to forfeit $7.2 billion to compensate the victims of swindler Bernie Madoff. Since the 1970s, Picower withdrew those funds from hi The distribution…