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Wilpons May Not Be Liable For $1 Billion
Friday, July 22, 2011 - 3:48pmAccording to MetsBlog, New York Mets owners Fred and Jeff Wilpon Wilpon may not be liable for the reported $1 billion that Madoff trustee Irving Picard was seeking from the owners. Instead, only the profits earned are being sought as part of the clawback, and this number is around $300 million....
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Wilpons May Sell As Much As 49%
Friday, April 1, 2011 - 2:21pmFred and Jeff Wilpon may be willing to sell as much as 49% of the New York Mets, as they look to settle a lawsuit stemming from Bernie Madoff. Michele Steele, the sports business report for Bloomberg tweeted the news. The Wilpons are currently trying to settle with Madoff trustee Irving Picard,...
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Banking on Bernie: Street Now Trading Claims Against Madoff
Friday, September 17, 2010 - 2:02pmLeave it to Wall Street to find a way to make money from the misery of investors ripped off by Ponzi swindler Bernie Madoff. A number of big firms, including Deutsche Bank (NYSE: DB), are trading the legal “claims” that ripped-off investors have against Madoff, offering pennies on the dollar for...
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Fred Wilipon
Benzinga Professional
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