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Trustee Asks to Sell Madoff's Mets Tickets
By
Jen Chung
Published Apr 8, 2009
Modified Apr 8, 2009
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By
Jen Chung
Published Apr 8, 2009
Modified Apr 8, 2009
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The trustee overseeing the liquidation of Bernard Madoff's estate filed a motion to sell the Ponzi schemer's Mets tickets on eBay. The filing states, "Because the New York Mets’ season has already started, the trustee must sell the tickets as quickly as possible to maximize the possible recovery." According to Bloomberg News, "The Madoff firm had two Delta Club Platinum season tickets for the Mets, for seats directly behind home plate" with a "face value was $80,190 for the season." But since the right to purchase playoff seats and tickets don't transfer if those seats' tickets are sold, "Picard reached an agreement with the Mets to swap them for Delta Club Gold tickets valued at $60,750" and the Mets refunded the difference. The filing thinks the Gold seats, which are behind the Platinum ones, are "more marketable, especially given the current economic environment." More details here. Also: Mets owner Fred Wilpon's firm had invested heavily with Madoff.
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Bernard Madoff
fred wilpon
irving picard
mets
tickets
Jen Chung
Jen Chung is a former WNYC and Gothamist editor.
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Gothamist is funded by sponsors and member donations
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