Senin, 05 Maret 2012

Judge: New York Mets Owners Owe Up To $83M To Madoff Trustee

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By LARRY NEUMEISTER
Associated Press

NEW YORK (AP) -- A judge ruled Monday that the New York Mets' owners owe up to $83 million to the trustee recovering money for Bernard Madoff investors, though he expressed doubt that the trustee will succeed in proving at a trial this month that he's entitled to as much as $300 million more.

U.S. District Judge Jed S. Rakoff issued his four-page ruling to narrow the subject of a March 19 trial in Manhattan that results from Trustee Irving Picard's effort to force the club's owners to pay as much as $1 billion into a fund established to repay thousands of investors cheated of billions of dollars during Madoff's decadeslong fraud. CONTINUE....

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