Police: Madoff friend has died

PALM BEACH, Fla. (AP) - October 25, 2009

Picower was the former New York lawyer and accountant alleged to have extracted billions of dollars from the Bernard Madoff investment scheme.

Authorities say he was found at the bottom of his Palm Beach home's pool Sunday afternoon by his wife and could not be revived by Palm Beach fire rescue workers. Picower was transported to Good Samaritan Hospital where he was pronounced dead at about 1:30 p.m.

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