Two weeks before the owners of the New York Mets and the trustee hunting for money for victims of Bernard Madoff’s Ponzi scheme were scheduled to go to trial, former New York governor Mario Cuomo requested a meeting. Cuomo, a court-appointed mediator, wanted to explain to Mets owners Fred Wilpon and Saul Katz the risks of trial, including the possibility of losing the case — or winning and having to fight an appeal. Cuomo, who struck out when he tried to settle the case a year earlier, knew Wilpon and Katz were concerned about their reputations. The trustee’s $1 billion lawsuit claimed they had built their empire by turning a blind eye to Madoff’s fraud. Read Reuters report here.
