id	author	title	date	pages	extension	mime	words	sentences	flesch	summary	cache	txt
en-wikipedia-org-2408		Madoff investment scandal - Wikipedia			.html	text/html	21347	2357	75	Picower's foundation stated its investment portfolio with Madoff was valued at nearly $1 billion at one time.[116] In June 2009, Irving Picard, the trustee liquidating Madoff's assets, filed a lawsuit against Picower in the U.S. Bankruptcy Court for the Southern District of New York (Manhattan), seeking the return of $7.2 billion in profits, alleging that Picower and his wife Barbara knew or should have known that their rates of return were "implausibly high", with some accounts showing annual returns ranging from 120% to more than 550% from 1996 through 1998, and 950% in 1999.[117][118] On October 25, 2009, Picower, 67, was found dead of a massive heart attack at the bottom of his Palm Beach swimming pool.[119] On December 17, 2010, it was announced that a settlement of $7.2 billion had been reached between Irving Picard and Barbara Picower, Picower's widow, the executor of the Picower estate to resolve the Madoff trustee suit, and repay losses in the Madoff fraud.[120] It was the largest single forfeiture in American judicial history.[121] "Barbara Picower has done the right thing," US Attorney Preet Bharara said.[120]	./cache/en-wikipedia-org-2408.html	./txt/en-wikipedia-org-2408.txt