Tuesday, December 16, 2008

Firm That Owns Mets May Have Lost $500 Million in Madoff Scam

Fred Wilpon's Sterling Equities reportedly lost some $500 million it had invested with Bernie Madoff's company. Wilpon, who bought the Mets in 1980, has told Major League Baseball officials his losses won't affect the team's operations, the Daily News is reporting.

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