Mets partnership denied Madoff victim compensation

October 16, 2009   Photo credit: AP | A partnership connected with Sterling Equities, which owns the , was denied Madoff victim compensation because it withdrew more money than it invested. A partnership connected to Sterling Equities, the owner of the , took out over $45 million more than it invested in 's scheme, making it ineligible for any compensation, a bankruptcy trustee disclosed Friday. In papers filed in bankruptcy court, trustee Irving Picard listed the Mets Limited Partnership as having two accounts with Madoff by the time his business went bust in December 2008. Madoff's books and records showed both accounts purportedly had about $830,000 in combined balances as of Nov....

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