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The baseball team itself had 16 Madoff accounts, from which more than $90 million in fictitious profits were withdrawn and used to help fund the team’s “day-to-day operations,” according to the suit filed by Irving Picard, the bankruptcy trustee recovering money for Madoff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.

The lawsuit, originally filed under seal in December, makes sweeping allegations that money from Mr. Madoff flowed through all aspects of businesses owned by Mets owners Fred Wilpon and Saul Katz, including the baseball team and entities associated with their real-estate investment business, Sterling Equities Associates.

“The Sterling partners were simply in too deep—having substantially supported their businesses with Madoff money—to do anything but ignore the gathering clouds,” the suit said. “Despite being on notice and having every resource at their disposal to investigate the litany of legitimate questions surrounding Madoff, the Sterling partners chose to do nothing.”

Written  By CHAD BRAY & Full Story HERE