MLB: Mets Settle With Madoff Trustee For $162 Million

Posted by Sabrina B. @gametimegirl The New York Mets’ owners and the trustee for Madoff fraud victims have settled for $162 million.

Bernie Madoff Feels Safer In prison But Regrets Hurting His Family

After stealing billions of dollars Convicted Ponzi schemer Bernie Madoff is tormented by nightmares and his biggest regret is having torn his family apart. Hit the jump to read the rest of the story. @WiL

Just In! Court trustee say Mets owners owe $300 Million!

Posted by Sabrina B. @gametimegirl The two owners of the New York Mets, their families and businesses were collectively one of the largest beneficiaries of Bernard Madoff’s fraud, reaping about $300 million in fictitious profits, according to a lawsuit unsealed on Friday. The baseball team itself had 16 Madoff accounts, from which more than $90 million in fictitious profits were withdrawn and used to help fund the team’s “day-to-day operations,” according to the suit filed by Irving Picard, the bankruptcy trustee recovering money for Madoff victims.

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