Madoff: Wilpons, Mets ‘Knew Nothing’ Of Ponzi Scheme

NEW YORK (WFAN / WCBS 880 / AP) — Disgraced Wall Street financier Bernard Madoff said in an interview published online Tuesday that Mets owners Fred Wilpon and Saul Katz “knew nothing” about his scheme to fleece victims out of billions of dollars.

“They knew nothing,” he said in his first interview for publication since his 2008 arrest. “They knew nothing.”

A court-appointed trustee is seeking to recover money on behalf of Madoff’s victims in a lawsuit filed against the Mets’ owners, alleging the Wilpons and Katz should have suspected something wrong in his operation for years.

While the Wilpons claim they were victims who lost money in the Madoff swindle, Irving Picard says they should have heeded warnings that Madoff’s claimed profits were too good to be true.

 

Last week, a federal bankruptcy judge in Manhattan appointed former New York Governor Mario Cuomo to serve as a mediator in the legal dispute.

The Wilpons announced in January that they would explore a partial sale in the franchise due to possible losses from the case.

An influx of cash from Donald Trump could help. The New York real estate owner with a flair for publicity said Tuesday he wants to help the Wilpons.

WCBS 880’s Peter Haskell gets some analysis on the Trump angle

“I hope that it works out well for the Wilpons because they’re friends of mine,” Trump said Tuesday during a telephone interview with The Associated Press. “If they ever needed help, I’d be there to help them. If I could help, I’d love to help them.”

RELATED: Report: Madoff Says Banks ‘Complicit’ In Ponzi Scheme | Kallas: Madoff Speaks — Good News Or Bad For Mets?

Madoff spoke to the New York Times via e-mail and during a private two-hour interview at Butner Federal Correctional Complex in Butner, N.C., where he’s serving a 150-year sentence. The reporter who conducted the interviews, Diana B. Henriques, is writing a book about the Madoff scandal.

Madoff, who’s 72, also touched on subjects including the effect of his crimes on his family, his son Mark Madoff’s suicide on Dec. 11 and the effort to recover money for his victims.

Do you want to see “The Donald” in the owners’ box for the Mets? Sound off in the comments below!

Copyright 2011 The Associated Press.

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Comments

One Comment

  1. PIKE BISHOP JR. says:

    WILPON SHOULD TAKE A BAT TO THE DON-NUTS STUPID COMBED OVER HEAD…AND DOES ANYBODY WITH A SANE MIND BELIEVE THIS CROCK OF BOVINE EXCREMENT ABOUT THE POOR WILPONS HAVING HAD NO IDEA OF THE MADOFF PONZI NIGHTMARE BILLION DOLLAR BABY RIPOFF…AND ALL OF A SUDDEN THE THIEF HE KINDLY SPOKE…HIS SON DIES..HIS CO-THIEF DROWNS..YEA RIGHT..AND HIS WIFE THROWS OUT 7.2 BILLION ON THE TABLE..ACCIDENTS DONT HAPPEN..LIKE OUR QUEEN AS A BONBON MAYOR WHO DISAPPEARS WHEN A MAJOR BLIZZARD APPROACHES NYC..AND LETS ASK THE FURHER MAYOR WHAT HE KNEW ABOUT MADDOF..AFTER ALL THESE YEARS..HE WAS OPERATING RIGHT NEXT DOOR HERE IN NYC..

  2. Buck Vandalay says:

    Trump is a meglomaniac, self indulging, self promoting ego maniac. He would be a perfect Mets owner. A true New Yorker. He would need a controlling percentage of ownership, “The Donald” isn’t the silent partner type.

  3. peterdeez@Hotmail.com says:

    PLEASE MR. TRUMP PRETTY PLEASE. Take over this franchise. You will make money as long that there is a descent on that field. Just take it completely out of the Wilpons Greedy little hands & put a team that can compete with the Powerhouses of the National League East. Not to mention the other baseball team in N.Y.

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