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Suit eyes $5B in false profits earned via Madoff scam
A prominent Palm Beach, Fla., couple and the major philanthropic foundation they founded were among a group of defendants sued Tuesday for the return of $5 billion allegedly passed along as false profits by swindler Bernard Madoff.
The lawsuit against the Picower Foundation, its founders Barbara and Jeffry Picower and others was filed Tuesday in Manhattan federal bankruptcy court by the trustee...
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