Saturday, March 19, 2011

Trustee Breakdown of One Billion Dollar Lawsuit

1 Billion
Madoff trustee Irving Picard is suing the Mets owners for $1 billion — including $300 million in alleged profits and $700 million they allegedly invested with Madoff and withdrew.

Picard is demanding:
$195M from Jeff Wilpon, Mets co-owner, COO
$168M from Mets CEO Fred Wilpon
$154M from Mets board member David Katz
$120M from Mets President Saul Katz
$434M in total from Wilpon family members
$357M in total from Katz family members

Read more: NY Post
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