http://news.yahoo.com/s/ap/us_madof...zZWMDeW5fdG9wX3N0b3J5BHNsawNmdWxsbmJzcHN0b3I-
Madoff trustee gets 'game changing' $7B settlement
NEW YORK The widow of a Florida philanthropist who had been the single-largest beneficiary of Bernard Madoff's colossal Ponzi scheme has agreed to return $7.2 billion in bogus profits to the victims of the fraud, she and authorities announced Friday.
The trustee recovering money for Madoff's burned investors filed court papers formalizing the settlement with the estate of Jeffry Picower, a businessman who drowned after suffering a heart attack in the swimming pool of his Palm Beach, Fla., mansion on Oct. 25, 2009.
"We will return every penny received from almost 35 years of investing with Bernard Madoff," Picower's wife, Barbara, said in a written statement.
"I believe the Madoff Ponzi scheme was deplorable and I am deeply saddened by the tragic impact it continues to have on the lives of its victims," she said. "It is my hope that this settlement will ease that suffering."
U.S. Attorney Preet Bharara called the settlement a "game changer" for Madoff's victims.
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