Subscribe to our mailing list

* indicates required

 

 

 

 

BROWSE BY TOPIC

ABOUT FINANCIALISH

We seek to provide information, insights and direction that may enable the Financial Community to effectively and efficiently operate in a regulatory risk-free environment by curating content from all over the web.

 

Stay Informed with the latest fanancialish news.

 

SUBSCRIBE FOR
NEWSLETTERS & ALERTS

FOLLOW US

Archive

Madoff-Mets Trial: All-Star Witnesses

March 14, 2012
The New York Mets owners have assembled an all-star opening day lineup of witnesses for their defense against charges brought by Madoff trustee Irving Picard.  The case goes to trial in Manhattan civil court this Monday.  Too bad the Mets can't put together an equally impressive starting line-up for the start of the 2012 baseball season. Hall of Fame pitcher Sandy Koufax heads the witness list.  The 76-year-old Koufax - the youngest person to enter Baseball's Hall of Fame when he was elected in 1972 - is a longtime friend of Mets owner Fred Wilpon.  The famed Dodgers southpaw is among a dozen or so people who will testify on behalf of the team, according to the witness list released Tuesday. The Mets also plan to call Robert Morgenthau, New York’s famed district attorney who served from 1975 through 2009. Picard late Monday moved to block both Koufax and Morgenthau from testifying, court documents show. Mets controller, Leonard Labita, will be called to testify for Picard, who’s looking to use Labita's testimony to prove that Wilpon and brother-in-law, Saul Katz, were so convinced that Madoff would churn out positive and steep returns that they relied on him to help pay for all kinds of expenses, including players’ salaries. Both owners - Wilpon and Katz - also will testify, with Katz being named on the witness lists of both sides. The Stakes. The trustee, Irving Picard, is trying to claw back $303 million from the Mets owners, accusing them of “turning a blind eye” to Madoff’s Ponzi scheme.    [NYPost, 3/13/12]