Madoff Associate Found Dead at His Palm Beach Home

Palm Beach billionaire Jeffry Picower was found at the bottom of his South Ocean Boulevard pool Sunday afternoon, reports the Palm Beach Post.

Picower could not be revived by paramedics, who worked unsuccessfully for 20 minutes at the scene to get a pulse.

Picower, 67, is the former New York lawyer and accountant alleged to have received billions of dollars from the Bernard Madoff investment scheme. In a recent lawsuit against him, it was alleged that Picower should have know that unrealistically high annual returns of as much as 950 percent were phony.

Picower's Palm Beach home was a salmon colored 17,770-square-foot mansion on the beach.