Discussion

Lawsuit against Mets goes public

Updated: February 5, 2011, 9:25 AM ET
By Adam Rubin | ESPNNewYork.com

NEW YORK -- The trustee for victims of the Bernie Madoff Ponzi scheme is trying to recover $300 million, and possibly more, in what he calls fake profits from the owners of the New York Mets.

The lawyers for Mets principal owner Fred Wilpon countered that their accounts with Madoff went from $500 million to zero when the scheme was shut down. But trustee Irving Picard claims the Mets had already withdrawn profits and the balance of a fraudulent account doesn't matter.

He also claims ...

Read full story

Comments

You must be signed in to post a comment

Already have an account?

EDITORS' PICKS

ALSO SEE