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Madoff friend Picower dead, found in pool

Palm Beach billionaire Jeffry Picower, described as the biggest beneficiary of Bernard Madoff's fraud, died on Sunday after he was found lying at the bottom of the pool at his home, police said. Emergency services were called to the oceanside mansion after Picower, 67, was pulled from the pool by his wife and a housekeeper and he was later pronounced dead, the Palm Beach Post reported quoting police and Fire Rescue officials. Police were investigating the death as a drowning, the newspaper said. It reported he was not breathing when he was pulled from the pool and paramedics worked unsuccessfully for 20 minutes at the scene to try to revive him. Picower and his wife, Barbara, were friends of Wall Street financier Madoff, who is serving a 150-year sentence after pleading guilty to running a $65 billion Ponzi scheme. (reuters.com)

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