best casino bonuses australian online casino au dollars trusted online gambling internet casino download old information online us casinos las vegas best online casino craps flash casino games mac play online vegas

Get Our Newsletter



Links

Columnists



Site Search


Entire (RSS)
Comments (RSS)

Archive Calendar

March 2012
S M T W T F S
« Feb   Apr »
 123
45678910
11121314151617
18192021222324
25262728293031

Guides

How to Become a Bounty Hunter



Owners of NY Mets Agree to Pay $162 Million in Madoff Case

By CNN Money

NEW YORK — The owners of the New York Mets have agreed to pay a total of $162 million to the court-appointed trustee in the Bernard Madoff Ponzi scheme, according to the federal court handling the case.

Trustee Irving Picard, who is in charge of recovering assets stolen in Madoff’s pyramid-style scheme, had sued the owners — including Saul Katz, Fred Wilpon and the holding company Sterling Equities — for $303 million.

That was in addition to the up to $83 million that Judge Jed Rakoff had earlier ruled that the Mets’ owners were liable in the case.

The settlement was announced Monday just as jury selection was scheduled to begin at U.S. District Court in the Southern District of New York in a trial on the trustee’s claim. The settlement negates the need for a court case.

show_temp

To read more click here.


Print This Post Print This Post

Write a comment

You need to login to post comments!