facebook
twitter
search
search

Mario Cuomo to mediate Mets-Madoff dispute

Feb. 10, 2011 at 7:41 PM
| License Photo

NEW YORK, Feb. 10 (UPI) -- A judge Thursday appointed former New York Gov. Mario Cuomo to mediate the dispute between the New York Mets and the trustees of Bernard Madoff's Ponzi scheme.

The order from U.S. Bankruptcy Judge Burton R. Lifland said Cuomo is to sort out the "special issues presented in the adversary proceeding that suggests referral to an appropriately experienced mediator," the New York Daily News reported.

Irving Picard, the trustee attempting to recover money lost to Madoff's multibillion-dollar scam, sued the team in December, saying owners Fred Wilpon and Saul Katz knowingly made hundreds of millions of dollars in "fictitious profits," the newspaper said.

Attorneys for Wilpon and Katz dispute their clients "knew or should have known" of their involvement in the scam, blaming regulators for failing to catch the fraud for decades.

Like Us on Facebook for more stories from UPI.com  
Latest Headlines
Top Stories
Wisconsin's Walker in hot seat over open-records restrictions
Putin congratulates U.S. on Independence Day
Immigrant who shot S.F. woman was deported 5 times in the past, police say
10-month-old Turkish baby rescued after floating out to sea
Greek economy reaches low point on eve of referendum