by wildcherry on Thursday, October 22nd, 2009 | Business, News

According to reuters.com, the Mets Limited Partnership, which has been connected to the Wilpon family, were said to have deposited $522.8 million in two separate accounts with Madoff and they also withdrew $570.6 million.

The Mets owner Fred Wilpon, apparently bought a stake in the Mets, back in 1980 and then raised his share to 50 percent six years later. He then went on to buy the rest of the shares with his family and others, back in 2002.

Earlier in the year, Erin Arvedlund, who is the author of the book “Too Good to Be True,” claimed that the Wilpon family would have to sell the Mets due to losses, but the Mets have denied this and have said that the Mets are not for sale.

Another news regarding the Madoff saga involves excessive drugs use in the work enviroment.

NEW YORK (CNN) — A new lawsuit alleges that convicted swindler Bernie Madoff financed a cocaine-fueled work environment and a “culture of sexual deviance,” and he diverted money to his London, England, office when he believed federal authorities were closing in at home.

The lawsuit, filed Tuesday in New York’s State Supreme Court, was brought on behalf of former investors and seeks unspecified punitive damages and compensation.

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