October 22, 2009

New York Mets Gain $48 Million From Madoff

We already know about the countless people who lost money dealing with the evil financial wizard Bernie Madoff, but it turns out there are some who actually came out with a profit after investing with him, and one of them is the New York Mets.

The owners of the team that is. After a book claimed the Mets owners lost so much with Madoff they would soon lose the team, representatives of the Wilpon family came back with evidence they in fact gained $48 million from their dealings with the ponzi king. So great, we've established that the Mets came out winners with Bernie Madoff. Maybe now they can figure out how to come out winners on the baseball field again?

New York Mets Gain $48 Million From Madoff

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...

New York Mets Gain $48 Million From Madoff

Posted at October 22, 2009 3:59 AM

Post a comment

Remember Me?

(you may use HTML tags for style)