Feb 10, 2012, 12:33 PM EST
Howard Megdal had his credentials revoked by the Mets recently because they “didn’t like his reporting.” After reading his report about the witness who is going to testify that the Mets’ owners knew that Bernie Madoff was a scammer but stuck with him anyway, they’re gonna double revoke them.
It’s a pretty complicated storyline, so I recommend that you read the article rather than leave me to blockquote any of it.
This all goes to trial on March 19. For those who have forgotten, the bankruptcy trustee, Irving Picard, contends that the Mets owners knew or should have known that Madoff was scamming, and thus should be required to disgorge huge, huge dollars as a penalty. The Mets owners contend, however, that they were victims like everyone else.
Not that this story gives us any definitive insight as to what will happen. Picard has this witness. The Mets owners will testify about their lack of knowledge. Ultimately everyone’s credibility will be judged. Could go either way.
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