A lawsuit accuses the baseball team's owners of turning a blind eye to the massive fraud, reaping $300 million in false profits and using a chunk of the money to run the team. The allegations were made by Irving Picard, the trustee appointed to recover funds for investors burned by Bernard Madoff.
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Full story at http://www.npr.org/2011/02/04/133499288/mets-owners-sued-over-madoff-fraud-profits?ft=1&f=1006
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