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April 14, 2009

Madoff is a Mets fan

Who knew? I had him pegged for a Yankees fan. Fits the type. From Reuters:

NEW YORK (Reuters) - Bernard Madoff's New York Mets baseball season tickets may be sold in an online auction, a judge ruled on Tuesday, allowing the proceeds to go toward reimbursing the jailed swindler's defrauded customers.

A lawyer for the court-appointed trustee liquidating Madoff's business told the judge in U.S. Bankruptcy Court in Manhattan that the tickets needed to be sold as quickly as possible because the Mets' played their first home regular season game at the new Citi Field stadium on Monday.

In a light-hearted exchange, Judge Burton Lifland told lawyer Amy Vanderwal: "The market is at the bottom ... might it be best to speculatively hold on to see how well the Mets do?"

But Vanderwal replied, "there is also the possibility they could do worse."

Madoff's tickets were for two seats in the second row behind home plate in the Delta Club Platinum section at the new Citi Field. They had a face value of about $80,191, or $295 to $695 per single ticket.

Posted by Jay Hancock at 2:06 PM | | Comments (0)
Categories: The Great Recession
        

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About Jay Hancock
Jay Hancock has been a financial columnist for The Baltimore Sun since 2001. He has also been The Baltimore Sun's diplomatic correspondent in Washington and its chief economics writer. Before moving to Baltimore in 1994 he worked for The Virginian-Pilot of Norfolk and The Daily Press of Newport News.

His columns appear Tuesdays and Sundays.
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