"'We will return every penny received from almost 35 years of investing with Bernard Madoff,' Picower said in a statement. 'I am deeply saddened by the tragic impact it continues to have on the lives of its victims. It is my hope that this settlement will ease that suffering.'
The vast majority of the money being returned to Madoff investors would have otherwise gone to charitable groups. And neither Picower nor her family is left wanting by the settlement. She will receive $200 million from her husband's estate, their only daughter will release $25 million and a collection of close family friends and charitable associations will receive $25 million - all money unrelated to the Madoff case, according to her lawyer."
Would never believe myself the reincarnation of King Solomon.
Sure you thought to yourself: "Who would?"
As you already believe no one would, nor shown any interest in why
someone might; no point in me answering. Like to believe, have a decent understanding of Solomon, to take a reasonable guess.
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