He bases his claim on the "stark evidence of fraud" that occurred in Picower's Madoff accounts, suggesting that Picower "knew or should have known" he was profiting from a swindle and implausible rates of return--some as high as 950% annually--which should have sent up red flags.

FORBES: The Forbes 400

It called for a total overhaul of the oil ministry and for the prosecution of companies and some powerful individuals who had benefited from the swindle.

BBC: Nigerian Farouk Lawan charged over $3m fuel scam 'bribe'