rssThe Day’s Biggest Economic News: Judge Decides Fate of Bernie Madoff’s Mets Tickets
Tuesday, April 14, 2009 at 5:15 pm
- 2 Comments
Sure, President Obama delivered a major speech on the economy and new figures show falling retail 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 (EBAY.O) 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.
2 Comments
Comment posted April 14, 2009 @ 6:11 pm
Dear Friends,
Perhaps you can assist me. There must be something wrong with the “picture” I am about to draw, but no one with wealth, power, status, and privileges to conspicuously consume and endlessly hoard has said anything. Their bought-and-paid-for politicians and absurdly enriched minions in the mass media are also silent.
Picture this:
A remarkably tiny group of conniving, deceitful, ostentatiously greedy, patently fraudulent financial schemers on what is left of Wall Street in the remaining investment houses and the major {stress-tested} banks that are described as “too big to fail” are at one and the same time being given hundreds of billions of dollars in taxpayer money, racking up billions of dollars in profits, and paying themselves millions of dollars in bonuses. All the while, millions of people are losing their livelihoods, homes, pensions, etc. The children of these less fortunate people are going hungry.
What is wrong with this picture?
Sincerely,
Steve
Comment posted April 15, 2009 @ 1:11 am
Dear Friends,
Perhaps you can assist me. There must be something wrong with the “picture” I am about to draw, but no one with wealth, power, status, and privileges to conspicuously consume and endlessly hoard has said anything. Their bought-and-paid-for politicians and absurdly enriched minions in the mass media are also silent.
Picture this:
A remarkably tiny group of conniving, deceitful, ostentatiously greedy, patently fraudulent financial schemers on what is left of Wall Street in the remaining investment houses and the major {stress-tested} banks that are described as “too big to fail” are at one and the same time being given hundreds of billions of dollars in taxpayer money, racking up billions of dollars in profits, and paying themselves millions of dollars in bonuses. All the while, millions of people are losing their livelihoods, homes, pensions, etc. The children of these less fortunate people are going hungry.
What is wrong with this picture?
Sincerely,
Steve
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