Arthur Friedman oversaw the hundreds of accounts the owners of the Mets opened with Bernard L. Madoff during their decades of investing. He distributed annual statements, handled deposits and on occasion even tried to replicate Madoff’s strikingly consistent returns. Friedman, a senior partner at Sterling Equities, the family-run business behind the Mets, has said that over the years he and the team’s owners, Fred Wilpon and Saul Katz, also came to know of multiple investigations of Madoff by the Securities and Exchange Commission. Friedman even described the sense of drama as he, Wilpon and Katz would await the latest investigation, only to be reassured when the commission declared Madoff clean. Read New York Times report here.
