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Mario Cuomo appointed mediator in Mets/Madoff dispute

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Hopefully Mr. Met gets along will with politicians.

Former New York Governor Mario Cuomo has been chosen to mediate the legal battle between Mets owners and a trustee who is suing to recoup $1 billion from Bernie Madoff’s Ponzi scheme, according to reports.

Cuomo, 78, the father of current governor, Andrew Cuomo, was appointed by a bankruptcy court judge Thursday and both sides approved it, according to reports that cited court records.

Irving Picard filed a lawsuit in December accusing Mets executives of earning $300 million in “fictitious profits” during the massive charade. He also charges they owe another $700 million in principal because they should have known or did know about the scam, reports said.

Fred and Jeff Wilpon and Saul Katz have denied knowing and said Madoff operated for years unchecked by government regulators.

Because of the financial fallout from the scandal, the Wilpons are looking to sell up to 25 percent of the franchise.

 

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