Settlement reached between Mets owners, trustee for fraud victims

Settlement reached between Mets owners, trustee for fraud victims
Sports

POSTED: Monday, March 19, 2012 - 11:45am

UPDATED: Monday, March 19, 2012 - 11:49am

A settlement has been reached between the owners of the New York Mets and a trustee for Bernard Madoff's fraud victims.

Both sides settled for $162-million this morning, Monday, March 19, in a New York City Court.

Trustee irving picard argued mets owners knew that madoff's corrupt investment scheme was a fraud...but continued investing anyway because they were making a lot of money.

Fred Wilpon and Saul Katz, Principal Mets owners, deny knowing Madoff was cheating investors.

Jury selection had been set to begin today in the civil trial.
 

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