NEW YORK (PIX11)—
New York Mets owners have been ordered to stand trial in a civil lawsuit that's seeking to recover over $350 million that the team invested in Bernie Madoff
's Ponzi scheme, a judge ruled Monday.
U.S. District Court Judge Jed S. Rakoff ruled that Madoff's victims are entitled to $83 million in bogus profits that Mets owner Fred Wilpon and his business partner Saul Katz withdrew from accounts with Madoff, ESPN
New York reported.
Irving Picard, a trustee representing several of Madoff's victims will also seek another $300 million, citing that the team was "willfully blind" to the monumental scam that cheated countless other investors of their life savings.
Wilpon and Katz still insist they were clueless about the scam.
For more: Full ESPN New York report
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