New York Mets owners gain $48 million from Bernard Madoff

Judging by recent court documents, it looks like the owners of the New York Mets baseball team made around $48 million in dealings, with the swindler Bernard Madoff. This is the latest news to come from the Monday court filing.

According to reuters.com, the Mets Limited Partnership, which has been connected to the Wilpon family, were said to have deposited $522.8 million in two separate accounts with Madoff and they also withdrew $570.6 million.

The Mets owner Fred Wilpon, apparently bought a stake in the Mets, back in 1980 and then raised his share to 50 percent six years later. He then went on to buy the rest of the shares with his family and others, back in 2002.

Earlier in the year, Erin Arvedlund, who is the author of the book “Too Good to Be True,” claimed that the Wilpon family would have to sell the Mets due to losses, but the Mets have denied this and have said that the Mets are not for sale.

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