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New York Mets Owner Settles for $162 Million In Madoff Case
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by News Editor
Citi Field, home of the New York Mets. Photo: wiki commons.
ESPN – The New York Mets owners and a trustee for Bernard Madoff’s fraud victims have settled for $162 million in a case aimed at repairing the damage from a massive investment scheme.
The agreement was announced Monday by Judge Jed Rakoff just as a civil trial was set to begin in U.S. District Court in Manhattan to determine if the team’s owners might owe as much as $386 million because they were among those who made significantly more than their original investment in Madoff’s investment company.
