The New York Mets Owners Have To Pay The Madoff Recovery Fund $83 Million

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New York Mets owner Fred Wilpon will have to pay up to $83.3 million to the trustee who’s recovering funds for those who were defrauded by Bernie Madoff, a judge ruled today.And that’s not all.

The trustee, Irving Picard, is seeking an additional $303 million from Wilpon and the Mets at a trial beginning March 19.

The Wilpon’s have argued that they were actually victims of Madoff’s ponzi scheme. But the judge ruled that they reaped phony profits from the scheme, and now they must repay them to Picard.

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