Posted by GameSetMatch on October 22nd, 2009
The owners of the New York Mets baseball team made about $48 million in dealings with swindler Bernard Madoff, court documents showed.
The Mets Limited Partnership, which is connected to the Wilpon family, led by Mets owner Fred Wilpon, deposited $522.8 million in two accounts with Madoff and withdrew $570.6 million, according to a Monday filing by court-appointed trustee Irving Picard.
The Mets could not be reached immediately for comment by Reuters.
Earlier this year, Erin Arvedlund, author of “Too Good to Be True,” a book on Madoff, said the Wilpon family would be forced to sell the Mets due to huge losses suffered in the Madoff swindle.
The Mets had said Arvedlund has no knowledge of the team or its finances and repeated previous statements that the team was not for sale.
Click here to read the full article – By of ESPN.com