Penticton Herald

Dead swindler’s wife gave money back

- FRED TRAINOR

Iwonder how Bernie Madoff is getting along in prison. He has only 141 more years to serve. You remember Bernie. He mastermind­ed the biggest Ponzi scheme in the history of the world. He’s housed in medium security at the Butner Federal Correction­s Facility in North Carolina. Know who else is there?

Congressma­n Jessie Jackson Jr., convicted of stealing $750,000 of campaign money which he used for entertainm­ent, travel and home renovation­s; Sheik Omar Abdel-Rahman, convicted in the World Trade Center bombings and Mel Reynolds, a big Wall Street tycoon serving time on bank fraud and child pornograph­y charges.

Know who used to be there? Evangelist Jim Bakker, gangsters Carmine Persio and Anthony Gratiano and John Hinkley, who tried to assassinat­e U.S. President Ronald Reagan.

Now, for the good news: The fellow who made the most money from Madoff’s scheme except, of course, for Madoff himself, was a man named Jeffrey Pickower.

Pickower pocketed over $7 billion in the final months of the fraud.

But — and here comes the good part — before he could spend any of it, he drowned in the swimming pool of his beachfront mansion in Florida.

I am happy to report that, following his death, his wife gave the $7 billion back to the swindled investors.

That’s about one third of the total that Madoff made off with.

I’m Fred Trainor and that’s a Little Good News.

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