Suit hits Mets owners over 401(k)money with Madoff
A new lawsuit blames the owners of the New York Mets for letting workers put more than $16 million in 401(k) assets into accounts controlled by jailed financier Bernard Madoff.
The lawsuit was filed in federal court in Manhattan on Friday. It was brought by the wife of a former employee of Sterling Equities Associates, which owns the Mets.
The lawsuit claims that Sterling Equities and several of its top executives should have known that Madoff was carrying out a massive Ponzi scheme that cost thousands of investors billions of dollars.
A message left with a spokesman for Sterling was not immediately returned.
The court-appointed trustee who is recovering Madoff money for investors has said the Mets profited from their investments with Madoff.
Out East with Doug Geed: Wine harvests, a fish market, baked treats and poinsettias NewsdayTV's Doug Geed visits two wineries and a fish market, and then it's time for holiday cheer, with a visit to a bakery and poinsettia greenhouses.
Out East with Doug Geed: Wine harvests, a fish market, baked treats and poinsettias NewsdayTV's Doug Geed visits two wineries and a fish market, and then it's time for holiday cheer, with a visit to a bakery and poinsettia greenhouses.
