Madoff trustee seeks $7B from Fla. philanthropist

A trustee trying to recover Bernard Madoff's assets for jilted investors now says a Florida philanthropist should return $7 billion that he received from Madoff. That's $2 billion more than the trustee said Jeffry M. Picower should return when he first sued him in federal bankruptcy court in Manhattan. Picower has asked that the lawsuit be dismissed, saying it is unsupported by the facts. Trustee Irving Picard says Picower's effort at dismissal is "little more than a public relations exercise designed to cast Picower as an innocent victim of Madoff's scheme." Madoff is serving a 150-year prison sentence after he admitted losing billions of dollars for thousands of clients over a half-century career that saw him rise to be a Nasdaq chairman.