• $300
  million the estimated amount in profits the New York Mets allegedly earned from Bernie Madoff’s ponzi scheme
• $90
  million the estimated amount that the team reportedly took from Bernie Madoff-related bank accounts source

• » And now they’re being pressured to give it up: Irving Picard, the trustee in charge of the insanely massive Bernie Madoff account, claims in a lawsuit that the Mets organization, represented by Sterling Equities, turned a blind eye to Madoff’s scheme and had plenty of opportunities to see red flags pop up. “The Sterling partners were simply in too deep – having substantially supported their businesses with Madoff money – to do anything but ignore the gathering clouds,” says the complaint first made public on Friday. Officials for the team call the claims “an outrageous strong-arm effort” at getting money out of them, and deny any wrongdoing.

Posted by Ernie Smith • Permalink