Lawyer: Death complicates Madoff investment case:
The death of Jeffry Picower, accused of profiting more than $7 billion from the investment schemes of his longtime friend Bernard Madoff, will make it more difficult for suing investors to recoup their money, attorneys said.
...
But the trustee's lawyer said Picower's claims that he was a victim "ring hollow" because he withdrew more of other investors' money than anyone else during three decades and should have noticed signs of fraud.
According to the lawyers, Picower's accounts were "riddled with blatant and obvious fraud," and he should have recognized that because he was a sophisticated investor.
More like this
By now, much of academia has heard about the goings-on at MIT.
Three Bulls is on top of this, but I want to add a few comments of my own (as is my habit).
Toadygawa is history! At least at Picower.
From an MIT press release:
A missing brain protein may be one of the culprits behind autism and other brain disorders, according to researchers at MIT's Picower Institute for Learning and Memory.
Let's not forget the science angle here...http://web.mit.edu/picower/about/index.html