1.
Drones over U.S. may pose security risks
NEW YORK, Nov. 10 (UPI) -- The death of Jeffrey Picower, an investor with disgraced financier Bernard Madoff, may mean several billion more dollars for Madoff's victims, attorneys say.
Picower, who died last month in his Palm Beach, Fla., swimming pool, left an estate worth more than $1 billion and attorneys for victims of Madoff's massive Ponzi scheme say Picower's estate should go to compensate them, The New York Times reported.
The newspaper said Picower's will -- expected to be filed Tuesday -- leaves most of his money to charity, but is large enough for both charitable contributions as well as restitution for Madoff victims.
Picower attorney William Zabel refused to comment to the Times about settlement talks with Irving Picard, the trustee for the Madoff victims. But he did say figures under discussion range from $2.4 billion to $7 billion -- enough to least double the amount of restitution that Picard has been able to gather so far.
| Additional Business News Stories | |
TEGUCIGALPA, Honduras, Feb. 9 (UPI) --
Honduras is inching back toward economic recovery and sees more international tourism as a way out of the crisis triggered by its June 2010 coup.
|
HILLSBORO, Ore., Feb. 9 (UPI) --
Solar panels generating a total of 1.3 megawatts of power are installed at a U.S. Navy facility and ready to begin their first full year of operation.
|
With rental vacancy rates at their lowest levels in 10 years, a review of TransUnion's proprietary rental screening database found that rental prices remained about the same between the fourth quarters of 2010 and 2011....
|
Government officials are on the verge of an agreement worth as much as $26 billion with five major banks, capping a yearlong push to settle federal and state probes of alleged foreclosure abuses by lenders.
|
| Stories | Photos | People | Comments |
View Caption
