We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Madoff Trustee Claims Mets Owners Owe Victims $300M

Law360 (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...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.