Monday, March 23, 2009

Madoff Business Interests Include Mets Owner Wilpon’s Fund


Copied and Posted by Yi-Xin Jin (Lily)


March 18 (Bloomberg) -- Bernard Madoff, jailed after pleading guilty in a $65 billion Ponzi scheme, or his wife, Ruth, had interests in more than a dozen businesses and partnerships, including restaurants, radiology providers and real estate funds associated with New York Mets baseball team owner Fred Wilpon, according to prosecutors.


Prosecutors, who on March 15 said they planned to seize more than $100 million in real estate, cash and bonds from the couple, filed another document yesterday listing more assets they seek to take. The assets include jewelry and watches, more than $30 million in loans owed to the couple by their sons, and Ruth Madoffs’ interest in real estate funds sponsored by Sterling Equities, whose partners include Wilpon.


No comments:

Post a Comment