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Monday, February 07, 2011

Lawsuit: Mets Owners Made $300 Million In "Fictitious Profits" From Madoff Ponzi Scheme

Since the 2008 revelation that Bernie Madoff's wildly profitable investment business was all just smoke and mirrors, the owners of the New York Mets have claimed they were one of the victims of the Ponzi scheme. However, a newly unsealed lawsuit says that the Mets owners not only ignored warnings that Madoff was too good to be true, but that they made hundreds of millions off the scheme.

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