Bernard L. Madoff headshot, as Madoff Investment Securities LLC chairman, arriving at Federal Court in New York (AP)
NEW YORK (AP) -- A judge has ruled that owners of the New York Mets owe up to $83 million to the trustee recovering money for Bernard Madoff investors.
Federal Judge Jed Rakoff in Manhattan ruled Monday that there will still be a trial on whether additional money is owed. But he expressed doubt that the Mets would owe more.
Rakoff had already limited what the team's owners might have to pay to other Madoff investors to $386 million. The trustee had sought $1 billion.
The trustee previously sued the Mets' owners, saying they had to know Madoff was acting illegally. The owners' lawyers say that wasn't true.
Madoff is serving a 150-year prison sentence for his multibillion-dollar fraud.
The judge said he'll decide in a future order exactly how much money is owed.
KKTV firmly believes in freedom of speech for all and we are happy to provide this forum for the community to share opinions and facts. We ask that commenters keep it clean, keep it truthful, stay on topic and be responsible. Comments left here do not necessarily represent the viewpoint of KKTV 11 News.
If you believe that any of the comments on our site are inappropriate or offensive, please tell us by clicking “Report Abuse” and answering the questions that follow. We will review any reported comments promptly.powered by Disqus