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Mets partnership denied Madoff victim compensation
Quick ReadBecause they withdrew more money than they invested, Mets Limited Partnership will be ineligible to receive compensation.
Photo credit: AP | A partnership connected with Sterling Equities, which owns the New York Mets, was denied Madoff victim compensation because it withdrew more money than it invested.
A partnership connected to Sterling Equities, the owner of the New York Mets, took out over $45 million more than it invested in Bernard Madoff's scheme, making it ineligible for any compensation, a bankruptcy trustee disclosed Friday.
In papers filed in Manhattan bankruptcy court, trustee Irving Picard listed the Mets Limited Partnership as having two accounts with Madoff by the time his...
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