$7.2 Billion — This does not compute!
Mrs. Picower voluntarily agreed to return $7.2 Billion to the Madoff Trustee Recovery Fund. As one of the largest beneficiaries of the fraud, she made the correct moral choice — but what was her real motivation?
Rocky figured this out!
He discovered that Mrs. Picower’s copy of Quicken Personal Finance Software crashed.
Quicken cannot handle dollar amounts larger than $99,999,999.99. Hence the $7,200,000,000.00 sitting in Mrs. Picower’s account was causing her computer to crash!
Rather than rebooting the computer, she decided to boot the cash to the other victims. For technical details, see: http://quicken.intuit.com/support/articles/using-quicken/reports-and-graphs/483.html (The technical term is “maximum supported value.”)
[Disclosure: It’s difficult to imagine a checking account balance of $7.2 Billion. It’s even more shocking to realize that at 1% interest rates, she’s accruing interest at $200,000 per day! It’s worth noting that TurboTax does not list a “maximum supported value” so Internal Revenue Service Agents can relax…]