Madoff complained in a 2004 phone call to one of Katz's business associates, Arthur Friedman, vice president of Sterling Equities that his BIL, Mets co-owner, Saul Katz told his country club friends that 'nobody knows how Madoff does it,' Katz's blathering likely irritated Madoff because his epic Ponzi scheme depended on an air of mystery and intrigue to ward off regulators and lure customers. IF TRUE, THAN THIS PROVES THAT THE WILPON'S KNEW!
Mets co-owners and their families reaped millions from Bernie Madoff’s schemes:
Fred Wilpon Sterling Equities co-founder; Mets co-owner Earnings: $52.8M from 57 Madoff accounts
Judith Wilpon Fred’s wife Earnings: $24.7M from six Madoff accounts
Iris Katz Saul’s wife Earnings: $35M from six Madoff accounts
Saul Katz Sterling Equities co-founder; Mets co-owner Earnings: $45M from 68 Madoff accounts
Jeff Wilpon Fred and Judith’s son, Sterling exec VP, Mets COO Earnings: $37M from 62 Madoff accounts
Richard Wilpon Fred’s brother, Sterling Equities partner, Mets board member Earnings: $23.1M from 60 Madoff accounts
Michael Katz Saul’s brother, Sterling Equities partner, Mets board member Earnings: $19.1M from 59 Madoff accounts
Heather Katz Knopf Saul and Iris’ daughter Earnings: $33M from 44 Madoff accounts
SOURCE http://www.nypost.com/p/news/local/amazin_kin_all_had_to_bern_dwIueqtoYrU2uhjaoXEUaL
Looks to me like the Katz is out of the bag......
You have got to be kidding, this is money in the bank, not money lost after Bernie was “discovered”.
I’m afraid I still don’t understand how big this scheme was.