Preet Bharara (R), the United States Attorney for the Southern District of New York, speaks during a press conference announcing an agreement to recover $7.2 billion for victims of Bernard Madoff's ponzi scheme from the estate of Jeffry Picower as (L to R) Irving Picard, the Securities Investor Protection Act (SIPA) Trustee, and Orlan Johnson, the Chairman of the Secur
Preet Bharara (R), the United States Attorney for the Southern District of New York, speaks during a news conference announcing an agreement to recover $7.2 billion for victims of Bernard Madoff's ponzi scheme from the estate of Jeffry Picower as (L to R) Irving Picard ,the Securities Investor Protection Act (SIPA)Trustee, and Orlan Johnson ,the Chairman of the Securities Investor Protection Corporation (SIPC) and Janice Fedarcyk, the Assistant Director-in-Charge of the New York Field Division of the Federal Bureau of Investigation, look in New York, December 17, 2010. Picower, the billionaire beneficiary of Madoff's fraud, who died of a heart attack in Florida in October 2009, was sued by trustee Irving Picard for $7.2 billion. The Picower family said at the time of his death that he had been working toward reaching a settlement. REUTERS/Shannon Stapleton