FanIQ News: Mets Claim for Money from the Madoff Mess is Denied.

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10/5/09

Mets Claim for Money from the Madoff Mess is Denied.

If You Thought It Couldn't Get Any Worse for the Mets, Think Again. They've Been Denied Their Money Claim from the Madoff Disaster

MLB, New York Mets

submitted by keppieboy

more posts by author

Read Article: (www.newsday.com)

Looks like the Mets will not be getting any money from the Madoff swindle. Trustee Irving Picard has denied their claim and it looks like they may have made money and not lost 700 million as originally reported.

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10/5/09

kramer

1	We already have episodes of NatsFail, can we add a new series around here entitled MetsFail?

10/5/09

nyrangers

0	Poor Mr. Met...

10/6/09

mk_donley

0	The Mets made money? This doesnt make a shred of sense to me.

10/6/09

Aronmantoo

0	You're a fan weather they are winning or losing. They should make money

10/6/09

elevenbravo138again

0	Aronmantoo wrote: You're a fan weather they are winning or losing. They should make money But should they make it from Ponzi scheme, perhaps not.

10/6/09

jasonwrites

0	METS FAIL! Two of my favorite words in the English language.

10/6/09

MrOrangeman

0	Mr Met still looks like he's going to have a coronary!

10/6/09

Flone87

mk_donley wrote:

The Mets made money? This doesnt make a shred of sense to me.

A basic definition of a ponzi scheme is that it uses new investors' monies to repay old investors...I guess the Mets were on the Madoff bandwagon early and cashed out? Pure speculation on that part, but if that would be true, wouldn't they know they got their money back? And trying to get money back be fraudulent? Or Mets accounting is a mess just like the team, GM, etc.

10/6/09

Aronmantoo

0	Maybe

10/7/09

Aronmantoo

0	elevenbravo138again wrote: But should they make it from Ponzi scheme, perhaps not. I don't think the wilpons had any idea they were being taken for a ride. I also hope that they wouldn't use Mets money for investing