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Suit vs. Mets owners exceeds $1 billion

Updated: March 19, 2011, 11:42 AM ET
By Adam Rubin | ESPNNewYork.com

The trustee looking to recover funds from victims of Bernard Madoff's Ponzi scheme officially wants more than $1 billion from New York Mets owners.

In an amended lawsuit filed Friday in U.S. Bankruptcy Court for the Southern District of New York, trustee Irving Picard now officially seeks more than $700 million in "alleged fraudulent transfers of principal." That's in addition to $300 million in alleged fictitious profits, which is defined as money withdrawn over principal.

The amended ...

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