The Day’s Biggest Economic News: Judge Decides Fate of Bernie Madoff’s Mets Tickets « The Washington Independent
Jul 31, 2020197.7K Shares4.2M Views
Sure, President Obama delivered a major speech on the economy and new figures show fallingretail sales in March. But let’s face it, the biggest economic news probably is a judge’s ruling today that disgraced financier Bernard Madoff’s season tickets to the Mets can be auctioned off to benefit victims of his Ponzi scheme, Reuters reports.
“„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.
“„Trustee Irving Picard has worked out a deal with the Mets to exchange Madoff’s seats for two less expensive ones a few sections over and a few rows back with a face value of $60,750.
“„The trustee would get about $20,000 for the difference between the platinum and gold seats, Vanderwal said in court.
“„Madoff’s tickets for Monday night’s first Mets home game of the season against the San Diego Padres were sold for $7,500 on eBay () on Sunday. The Mets lost 6-5.
“„His tickets for the rest of the season will now be made available for bidding.
This should be some small consolation for Mets fans who lost their savings to Madoff.
Hajra Shannon
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