Mets Owners Asks High Court For Help In Case

WASHINGTON (AP) — The owners of the New York Mets want the Supreme Court to get involved in their attempt to recover money from Bernard Madoff’s Ponzi scheme.

Sterling Equities Associates, which owns the Mets, appealed to the high court on February 3. It will likely take months before justices decide whether to hear the appeal.

Madoff ran a massive Ponzi scheme that cost thousands of investors billions of dollars. A trustee is trying to get back some of the money for investors.

Sterling Equities wants justices to reverse a lower court ruling. That ruling approved the way the trustee determined who can get money from a special fund set up for Madoff investors. Under the current ruling, Sterling would not be immediately eligible to participate in the recovery fund.

(Copyright 2012 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)


One Comment

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  2. Rochester Man says:

    The Mets owners are truly bottom-feeding dogs**t as human beings, but when it comes to “gettin’ money’ they don’t care what you think of them. They will bend any rule, pay off any judge to ‘make more money’ as they WILL NEVER MAKE
    make money from a running a Championshiop Word Series winning baseball team.

  3. Yankee Fan says:

    Wow the Met Owners and their lawyers have their nerve. They made millions by being in early…All they are entitled to is the money they put in out of pocket, not “profits”…and…………the IRS should give back the taxes paid against the “profits”..what’s fair is fair……

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