According to the Wall Street Journal, attorneys for Irving Picard have informed Mets owners Fred Wilpon and Saul Katz that additional allegations about amounts invested with Bernard Madoff will be added by March 18 if they fail to reach a settlement.
There may be more trouble in Flushing. According to the New York Post, the Mets are “desperately” seeking a second loan to offset operating expenses.
JPMorgan Chase, the bank where Bernard Madoff kept his clients’ money, said in a court filing Tuesday that it had no legal obligation to figure out that the Ponzi king’s investment scheme was a fraud.
E-mails and other internal documents show that executives at JPMorgan Chase were complicit in Bernard Madoff’s massive fraud, lawyers seeking to recover funds for his victims said Thursday.