The Mets could be forced to pay up to $386 million to resolve claims by Irving Picard — nowhere near the $1 billion he was originally asking for.
Terry Collins will have more time to try and turn around the Mets. “He’s done just a terrific job,” GM Sandy Alderson said. “He’s earned it.”
First, he was busted for orchestrating a multi-billion dollar Ponzi scheme. Then he was jailed for 150 years. And, now it seems that his wife Ruth is calling it quits, according to a report in the U.K.’s Daily Mail.
The Connecticut Appellate Court ruled Wednesday that the town of Fairfield may not make claims for millions in losses to its pension fund due to disgraced financier Bernard Madoff’s fraud scheme.
Picard said Thursday he has secured more than a billion dollars through settlements with associates of the second largest feeder fund group to invest with Madoff.
Mets executives argued Thursday that a lawsuit claiming they should have heeded warning signs of a 25-year fraud carried out by jailed financier Bernie Madoff is “a fiction” and should be thrown out. “There were no warnings,” lawyers for Mets ownership said.
Peter Madoff is selling off a 14-room home in Old Westbury as he faces a lawsuit by the trustee reclaiming funds for investors in his brother’s Ponzi scheme.
In a 2006 New York divorce case, the ex-husband says the millions of dollars that went to his ex-wife came from a Bernard Madoff account that never really existed.
It’s your last chance to own some of the personal belongings of the world’s most notorious Ponzi schemer.
Jose Reyes isn’t worth all the money he wants. Carlos Beltran is no longer a top-tier player. David Wright isn’t a superstar. As Fred Wilpon’s comments continue to be the hot topic, the Mets said in a statement: “We are handling the matter internally.”
A court-appointed trustee says the owners of the Mets reaped profits from Bernard Madoff’s financial Ponzi scheme even as they went “shopping” for insurance to protect themselves in case the scam collapsed.
The Mets’ partial ownership drama is drawing to a close, with billionaire hedge fund manager Steven A. Cohen in the lead to claim a minority stake in the franchise, according to the New York Post.
Tim McCarver didn’t shy away from discussing the Mets’ financial situation during a conference call in March, though according to the New York Post, the Fox analyst is sorry for his comments about SNY’s three-man TV team.
MLB’s stunning takeover of the Dodgers this week left many wondering: Are the Mets next on Bud Selig’s to-do list? It doesn’t sound like it.
Add another name to the Mets’ ownership mix. According to the Wall Street Journal, billionaire hedge fund manager Steven A. Cohen “has joined the bidding for a minority stake” in the club.