Mets Owners Sued in Madoff Retribution Campaign

mr met  Mets Owners Sued in Madoff Retribution CampaignBernie Madoff Ponzi avenger Irving Picard is doing something long-suffering Queens baseball fans have often dreamed of: He’s suing the owners of the New York Mets.

Of course, Mr. Picard isn’t seeking redress for the team’s ignominious standing in major-league baseball. Instead, he’s going after Mets owner Fred Wilpon, Sterling Equities and others as part of his effort to collect ill-gotten profits from investors in the Madoff fraud. The Mets’ owners have gained about $48 million — or about two and a half years’ salary for center fielder Carlos Beltran — from the Ponzi scheme.

The Mets owners are the latest to join Mr. Picard’s ever-growing list of defendants. JPMorgan Chase and HSBC are also recent entrants.

mtaylor [at] | @mbrookstaylor

Article continues below
More from Politics
WASHINGTON, DC - DECEMBER 4: President Barack Obama speaks during a ceremony for the 2016 Kennedy Center honorees December 4, 2016 in the East Room of the White House in Washington, DC. The honorees include Eagles band members, actor Al Pacino and singer James Taylor.
Obama’s Counterterrorism Policy: Wishful Thinking