NO wonder the injury-plagued Mets can’t hire some hitters, it turns out team owner Fred Wilpon lost $700 million in the Bernie Madoff Ponzi scheme. Estimates put his loss at below $500 million, but Wilpon’s pal Larry King told GQ it was $700 million. “Freddie says he’s not angry, he’s betrayed,” said King, who lost $2.8 million. The Mets said in a statement: “The numbers speculated continue to be inaccurate, and we refute what’s been reported. As we have said on numerous occasions, this does not and will not affect the day-to-day operations and long-term plans of the Mets organization.”
METS OWNER WILPON LOST $700M TO MADOFF
By
PageSix.com Staff
Published
July 16, 2009, 6:04 a.m. ET