Oh it's just a make fun of the Mets sort of day.

According to the trustee in the Bernie Madoff bankruptcy case, Sterling Equities, the company that owns the Mets, SNY, and other assets, knew that Madoff may have been up to something shady. Why? Because, in 2001, they took out fraud insurance on their account with Madoff: [Insurance Journal]

Trustee Irving Picard says partners in Sterling Equities contacted a broker to ask about insuring their account with Madoff in February 2001. In one handwritten note, court records say partner Arthur Friedman wrote the insurance should cover “fraud or fidelity” with the word “Ponzi” in parentheses. Picard filed the court documents Thursday.

Picard [trustee] claims Sterling partners knew Madoff was stealing from new investors to pay off older investors. He wants them to repay $1 billion to Madoff’s victims.


Sterling Equities, of course, denies knowing anything about Madoff's Ponzi scheme, which they were heavily invested in. 

The Mets: America's car accident.

H/T to Derek