Mets Owner Swings Back Against Trustee Representing Madoff Victims

On Friday, Irving Picard, the fiduciary representing the victims of Bernie Madoff’s Ponzi scheme, claimed in jural papers that New royalty Mets owners Fred Wilpon and Saul Katz and partners at Sterling Equities, had to undergo that Madoff was geared in a Ponzi plot and should hit to compensate the victims. In writing meet released, Mediaite has scholarly that Wilpon is fighting back, occupation the causa a “work of fiction” filled with “false allegations.”

Picard’s new allegations include references to “red flags,” which he claims should hit served as indications to Wilpon and Katz that Madoff was scamming his investors. However, one “red flag” could embellish a key player in this spat. Did a inclose fund trainer named Peter Stamos signal the Mets owners to inconsistencies in Madoff’s activity of investors and feature that Madoff was “too beatific to be true?” If true, as Picard suggests, that could be the final play for the Mets owners.

In the owners response, obtained by Mediaite tonight, they verify that in testimony, Stamos referred to Madoff as the “most honest and honorable man” and that Stamos never said the catchword “too beatific to be true.” Hmm.

General direction of the New royalty Mets David Cohen is today occupation discover Picard same a trash talking catcher:

“The central allegations in the upset are direct contradicted by bound testimony taken by the Trustee’s direction preceding to the filing of the complaint. The complaint, which ignores that testimony, was filed in an try to extract a Brobdingnagian and unwarranted deciding — with complete disregard for the harm that these misleading allegations would drive the reputations and businesses of the Sterling Partners.”

And so as the Madoff mess continues into player innings, the discourse may embellish whether someone gets tossed for pissing soured the ump.