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Madoff Associate Picower Dies

Jeffry Picower, 67, an associate of embezzler Bernard Madoff, was found dead in his swimming pool.

Picower is alleged to have profited handsomely from Madoff’s record-breaking pyramid scheme but that same fraud put Picower’s charity, the Picower Foundation, out of business.

The left-leaning Picower Foundation gave away almost $213 million since 1999, according to a philanthropy database.

The giant foundation had the misfortune to choose Madoff to manage its more than $1 billion in assets.

A sizeable chunk of its funding has gone to abortion groups, including NARAL ($3.2 million), Center for Reproductive Rights ($2.5 million), Planned Parenthood ($2.4 million), and Center for Reproductive Law and Policy ($625,000).

Picower Foundation gave $2.9 million to the Southern Poverty Law Center, a public interest law firm that uses politically skewed definitions of racism to indoctrinate children while smearing conservatives who question racial preference programs. The foundation also gave $200,000 to Project Vote (a.k.a. Voting for America), an affiliate of the radical Association of Community Organizations for Reform Now (ACORN).

View all comments (6) |

Patty| 10.26.09 @ 2:14AM

Hmmm. What is it with these shady democrats; why do they always end up dead in swimming pools, parks, etc.?

Obamanation Of Desolation| 10.26.09 @ 6:58AM

Dare to defy me...

More Blog Posts by Matthew Vadum

http://spectator.org/blog/2009/10/26/madoff-associate-picower-dies

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