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 of funds as a result of investing with Madoff.
Authorities said the $7.2 billion forfeiture was the largest single forfeiture in U.S. history.
Picower died in October 2009.
