Madoff Trustee Claims Mets Owners Owe Victims $300M

Law360, New York (February 4, 2011, 3:03 PM EST) -- The bankruptcy trustee trying to recover money for the victims of Bernard L. Madoff’s massive Ponzi scheme has accused the owners of the New York Mets of reaping $300 million in bogus profits from the investment scam.

The Mets ownership group, made up of Sterling Equities Inc., Fred and Jeff Wilpon, and a number of other parties, repeatedly ignored warning signs that Madoff’s enterprise was a sham because they depended on the disgraced financier, according to a complaint unsealed Thursday in the U.S. Bankruptcy Court for...
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