Wilpon Family out 300 million?
Not sure if this has been posted but the Madoff swindle may have cost the Wilpon’s up to $300 million which may have an impact on running the team if accurate. Will Madoff Scandal Hurt The New York Mets? (Update) Posted By: Darren Rovell Topics:Stock Market | Real Estate | Sports CNBC.com Bernard L. Madoff ——————————————————————————– The real estate investment firm Sterling Equities, co-founded by New York Mets owners Fred Wilpon and Saul Katz, had money invested with Bernard Madoff’s firm, CNBC has confirmed. “Among our various investments, we have accounts managed by Madoff Securities,” the company said, in a statement. “We are shocked by recent events and, like all investors, will continue to monitor the situation.” Madoff had $17 billion in his investment advisory firm last month, but the 70-year-old former NASDAQ chairman told his employees earlier this week that he had actually lost $50 billion in what he said was a ponzi schem
