Bernie Madoff dying

<p>sax, we know intimately of a similar situation wherein the suicider notified relatives in the middle of the night, by email. The point is to have the adults retrieve the body ahead of any juveniles discovering the horror. (That father had 3 children, 2 of them in elementary school, one a toddler.)</p>

<p>One of the people to profit the most from Madoff’s investment scheme is returning 7.2 billion dollars. It is unclear, to me anyway, whether Picower knew of the scheme. However, he died last year. I suspect the government would have gone after the estate eventually. The widow returned more than she had to, apparently every cent ever acquired from the Madoff investment. </p>

<p>[Picower</a> to return $7.2B - BostonHerald.com](<a href=“http://www.bostonherald.com/business/general/view/20101218picower_to_return_72b_wife_of_late_mit_donor_settles_suit_over_madoff_gains/srvc=home&position=also]Picower”>http://www.bostonherald.com/business/general/view/20101218picower_to_return_72b_wife_of_late_mit_donor_settles_suit_over_madoff_gains/srvc=home&position=also)</p>

<p>Late MIT benefactor Jeffry Picower’s widow has agreed to give back all $7.2 billion that her husband netted from Bernard Madoff’s Ponzi scheme.</p>

<p>“We will return every penny received from almost 35 years of investing with Bernard Madoff,” Barbara Picower said yesterday in announcing a settlement with the trustee unscrambling Madoff’s $65 billion scam.</p>

<p>The widow said that while her husband’s estate potentially faced no more than $2.4 billion of lawsuit liability, “I believe that this settlement honors what Jeffry would have wanted.”</p>

<p>I saw that too - wonderful news - it means that Madoff victims will get some of their money back. Not all of it certainly, but more than they ever expected.</p>

<p>But do the folks who blindly invested with Madoff, those let their own avarice blind them to clearly smoking guns of deceit, deserve to be compensated for any losses they sustanied?</p>