The New York Mets owners are about to try to convince a jury they have the right to keep $303 million they withdrew from Bernard Madoff’s Ponzi scheme.
For Mets owners Fred Wilpon and Saul Katz, a defeat in a trial that begins Monday could deal another blow to the baseball team’s finances, after the partners lost $500 million with the con man. For Madoff trustee Irving Picard, a loss might make it difficult to take investors’ principal in some of the 280 similar lawsuits awaiting U.S. District Judge Jed Rakoff’s attention after the Mets trial.
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