The owners of the New York Mets baseball team are in big trouble, financially anyway. They just struck out on a much needed injection of cash from potential investor David Einhorn. To the tune of $200 million.
The Mets owners lost money when ponzi schemer Bernie Madoff was finally caught. But don’t shed a tear for the owners of the Mets, turns out they were making big profits under Madoff’s illegal investment pyramid.
Irving Picard, a lawyer, doesn’t believe claims by Mets owners, that they were ignorant of Madoff’s ponzi scheme. He’s suing them for a grand total of $1 billion.
Out of that $1 billion, $300 million covers the profits the Mets owners made off Madoff’s illegal scheme, and the other $700 million is the total amount the Mets invested with Bernie Madoff.