PORT ST. LUCIE, Fla. (AP) — New York Mets owner Fred Wilpon predicted his family “will be vindicated” from a claim they had prior knowledge of Bernard Madoff’s Ponzi scheme.
Speaking Thursday at the Mets spring training camp, Wilpon said he naive to invest with Madoff, a longtime friend and neighbor on Long Island.
Irving H. Picard, the trustee trying to recover money for victims of the swindle, sued Wilpon and various family members and entities related to Sterling Equities, seeking at least $300 million. Picard claimed they were net winners with their Madoff investments and ignored warnings that Madoff’s high returns might be false.
The Wilpons have said they are victims in the scheme.
