New York Mets news stories on Newser

Mets’ Owners Settle Madoff Case for $162M

Matt Cantor — Mon, 19 Mar 2012 10:22:22 CDT

The New York Mets' owners have avoided a trial over what they knew about Bernie Madoff's Ponzi scheme by settling today with the trustee for Madoff victims for $162 million, the New York Times reports. Trustee Irving Picard had sued Fred Wilpon and Saul Katz for $1 billion (later knocked...

Mets Owners Owe $83M in Madoff Case

Neal Colgrass — Mon, 05 Mar 2012 16:58:28 CST

Bernie Madoff's historic Ponzi scheme is finally dragging the New York Mets to court. A judge ruled today that the team's owners must return up to $83 million withdrawn from Madoff's firm and go to trial over whether they ignored warning signs of the investment scam, MarketWatch reports. Irving Picard,...

Hall of Famer Gary Carter Dead at 57

Thu, 16 Feb 2012 16:44:33 CST

Hall of Fame catcher Gary Carter, whose single for the New York Mets in the 1986 World Series touched off one of the most improbable rallies in baseball, died today. He was 57. Carter, diagnosed with a malignant brain tumor last May, was an 11-time All-Star and three-time Gold Glove...

Mets' Owners Won't Lose All Their Madoff Money

Rob Quinn — Wed, 28 Sep 2011 09:18:03 CDT

The New York Mets' owners may have to return some of $300 million in profits they made dealing with Bernie Madoff, but their $700 million principal is probably safe. A judge has decided that for trustee Irving Picard to pursue the Mets owners' principal investment, he must prove that they...

Lenny Dykstra Slapped With Fraud, Theft, Drug Charges

Tim Karan — Mon, 06 Jun 2011 18:20:06 CDT

During his baseball career, Lenny Dykstra was known for his penchant for getting dirty, and now he's really having trouble staying clean. The former Mets and Phillies player was charged today with nearly two dozen felony counts of fraud, grand theft, and drug possession, reports the Los Angeles Times . The...

Time for MLB to Ditch the Dip

Matt Cantor — Thu, 31 Mar 2011 13:50:11 CDT

Baseball’s Opening Day means “hope and excitement,” but it also means the return of a “blot on our sport”: chewing tobacco on the field, writes Bobby Valentine. “For many of us, it is simply part of the sport,” but the MLB—and those who love it—can no longer afford...

Mets Owners: We Knew Nothing of Madoff Scam

Mary Papenfuss — Mon, 21 Mar 2011 05:08:27 CDT

Though they made millions in profits from Bernard Madoff's phony investment scheme, owners of the Mets knew nothing about the fraud and aren't about to turn over a dime of their money to fleeced investors, they argue in court documents. Lawyers for Fred Wilpon and Saul Katz have filed a...

Mets Owners Made $300M Off Madoff Scheme: Suit

Matt Cantor — Fri, 04 Feb 2011 12:45:56 CST

The New York Mets’ two owners, along with their businesses and families, made some $300 million in fictitious profits from Bernie Madoff’s Ponzi scheme—putting them among its top beneficiaries, says a lawsuit unsealed today. The Mets withdrew some $90 million from the team’s 16 accounts with Madoff, and the...

Cops: Mets Star K-Rod Assaulted Girlfriend's Dad

John Johnson — Thu, 12 Aug 2010 18:15:21 CDT

New York Mets star closer Francisco Rodriguez has been charged with assault after allegedly punching out his girlfriend's dad in, of all places, the "family room" of the team's clubhouse. Sources tell the New York Post that K-Rod (named for his strikeout prowess) roughed up 53-year-old Carlos Pena—after Pena...