• 21 Mar 2012 at 3:27 PM

Bernie Madoff Not Feeling Wilpon Settlement

Convicted fraudster Bernie Madoff was “desperately disappointed” that the owners of the Mets chose to settle the fraud lawsuit brought on behalf of victims of Madoff’s Ponzi scheme, CBS News reported Wednesday. “He wrote me last weekend that he was so looking forward to that trial,” said Diane Henriques, author of the book “Wizard of Lies” which detailed Madoff’s fraud. “He was hoping that the Mets’ defense would make the case he was making to me that they had no reason to doubt Madoff.” The trustee for Madoff’s victims, Irving Picard, was set to argue at trial that Mets owner Fred Wilpon, once a friend of Madoff and a longtime investor, was willfully blind and chose to ignore signs that Madoff was producing fraudulent returns. Henriques told CBS that in recent emails from prison Madoff blasted Picard, who was seeking more than $300 million at trial. “He calls Picard a fool, an amateur, says he doesn’t understand the market, says he never understood the market, that he’s just lost on Wall Street,” Henriques said. [NYP]

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Comments (5)

  1. Posted by Walter | March 21, 2012 at 3:47 PM

    Shut the fuck up Bernie

  2. Posted by Guest | March 21, 2012 at 3:53 PM

    I've got an insight for Bernie that he may have found useful a few years back: lawyers don't need to know anything about Wall Street to get their job done, while Wall Street professionals would be well-advised to know at least a little bit about how the law works, if for no other reason than for the sake of keeping their freedom and their money.

  3. Posted by merkin_capital | March 21, 2012 at 4:00 PM

    a fool, an amateur, says he doesn’t understand the market, says he never understood the market, that he’s just lost on Wall Street

    I know how hurtful those words can be. Call me anytime, Irv.

    -C. Kengeter

  4. Posted by Bobby Bonilla | March 21, 2012 at 8:03 PM

    Picard a fool? I agree.

  5. Posted by bookmarking submission | September 10, 2012 at 11:45 PM

    nRXxF5 Wow, great article.Much thanks again. Much obliged.