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had 31 accounts with Madoff dating from 1992 and withdrew over $ 23 million in illegal profit. The
Sterling Equities partners opened accounts for their wives and families. Valerie Wilpon, Amy Beth Katz, and Heath Katz Knopf all had accounts with Bernard Madoff. According to Picard, Sterling Equities
238:
alleged that the
Sterling Equities had pocketed millions in fictitious profits. Sterling Equities had opened accounts with Bernard Madoff for themselves, their businesses, their friends and family, and business associates. Sterling was associated with 483 Madoff accounts. For example, Sterling
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Sterling
Equities had a close personal relationship with Bernard Madoff. Madoff had Mets season tickets with seats near the owners box. Madoff and his wife, Ruth, traveled to Japan with the Wilpons and Katzes. Sterling assisted Madoff with securing office space in Manhattan's
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even though it knew the returns were fraudulent. Despite the allegations they were aware of Madoff's fraud and beneficiaries of it, Sterling asked the US Supreme Court to reverse a court decision and allow them access to a special fund set up for Madoff victims.
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Sterling
Equities is a diversified, family-run group of companies whose portfolio consists primarily of holdings in real estate, sports, and media in the New York area. These include the
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252:. The Madoffs, Katzes, and Wilpons were involved in several charities together. They attended movies together and had houses close together in Florida.
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By 2008, Sterling
Equities had withdrawn approximately $ 300 million in fictitious profits. In 2012, Sterling Equities including
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whose portfolio consists primarily of holdings in real estate, sports, and media in the New York area. These include the
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and Bernie Madoff spanning 20 years. The partners eventually settled a billion dollar suit with the Madoff
Trustee,
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used funds withdrawn from their wives’ accounts to meet their personal and/or business financial obligations.
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210:(President), Wilpon's brother-in-law. It has developed a number of properties, including the tower at
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582:"107. SECURITIES INVESTOR PROTECTION CORPORATION v. BERNARD L. MADOFF INVESTMENT SECURITIES LLC"
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services businesses (it has developed nearly 25 million square feet of commercial property).
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678:"SECURITIES INVESTOR PROTECTION CORPORATION v. BERNARD L. MADOFF INVESTMENT SECURITIES LLC"
633:"SECURITIES INVESTOR PROTECTION CORPORATION v. BERNARD L. MADOFF INVESTMENT SECURITIES LLC"
599:"SECURITIES INVESTOR PROTECTION CORPORATION v. BERNARD L. MADOFF INVESTMENT SECURITIES LLC"
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506:"Documents: Mets Owners' Real Estate Fund Was $ 300 Million In The Hole This Past June"
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161:(an interest was acquired in 1980, and it was a full owner from 2002 to 2020, when
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562:"Willets Point casino sought in first Sterling Equities, Related proposal"
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736:"Lawsuit faults Mets' parent company, Sterling Equities, in mass fraud"
541:"Mets owner Fred Wilpon is creating a real estate presence in Brooklyn"
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322:"Sterling Equities – A fully-integrated real estate operating company"
467:"Inside the New WTC Offices of SportsNet NY and Sterling Equities"
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408:"Robert Kraft, Jeff Wilpon Explain Overwatch League Investment"
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91:
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List of investors in
Bernard L. Madoff Investment Securities
218:$ 40 million under budget, and took over development of a
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is a diversified, family-run group of companies based in
487:"Mets co-owner agrees to pay $ 180 million to up stake"
383:"NY Mets owners reach revised deal with Madoff trustee"
173:(a regional sports TV network it formed in 2005), the
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services businesses. The firm became embroiled in the
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275:that alleged that they had invested in Madoff's
181:, Sterling Project Development, and a number of
125:, Sterling Project Development, and a number of
82:Fred Wilpon (Chairman) and Saul Katz (President)
756:"Mets Owners Asks High Court For Help In Case"
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351:"Mets' Owners Guarded an Investment Pipeline"
295:Participants in the Madoff investment scandal
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893:Real estate companies of the United States
888:Companies based in Nassau County, New York
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918:Real estate companies established in 1972
717:"How Bernie Madoff's Money Ran The Mets"
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913:1972 establishments in New York (state)
696:"Madoff Trustee Sues Sterling Equities"
447:"Sterling Equities | TRD Research"
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230:Sterling Equities was embroiled in the
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734:Mccullough, Andy (February 5, 2011).
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560:Orovic, Joseph (February 7, 2013).
539:Clarke, Katherine (May 30, 2014).
349:Kovaleski, Serge F. (2011-02-21).
14:
137:exposing a relationship between
694:Bray, Chad (December 7, 2010).
414:. July 18, 2017. Archived from
526:"Partners – Sterling Equities"
34:Real Estate, Sports, and Media
1:
504:Ley, Tom (February 3, 2016).
336:"Contact – Sterling Equities"
271:settled a lawsuit by trustee
616:"Baker & Hostetler LLP"
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202:It was founded in 1972 by
139:Sterling Equities partners
903:Madoff investment scandal
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491:New York Business Journal
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234:scandal. Madoff trustee
809:New York Mets franchise
804:Principal owners of the
701:The Wall Street Journal
829:Charles Shipman Payson
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183:real estate investment
165:bought the team), the
127:real estate investment
883:Real estate investing
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159:Major League Baseball
145:, for $ 161 million.
135:Bernie Madoff Scandal
898:New York Mets owners
654:"Madoff's Curveball"
212:450 Lexington Avenue
149:Holdings and history
107:Great Neck, New York
66:Great Neck, New York
836:Doubleday & Co.
822:Joan Whitney Payson
764:. February 9, 2012.
546:New York Daily News
475:. January 16, 2019.
472:Commercial Observer
226:Madoff Ponzi Scheme
18:
908:New York Excelsior
715:Petchesky, Barry.
355:The New York Times
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175:New York Excelsior
171:SportsNet New York
123:New York Excelsior
119:SportsNet New York
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854:Sterling Equities
418:on March 27, 2019
250:Lipstick Building
239:Equities partner
167:Brooklyn Cyclones
115:Brooklyn Cyclones
103:Sterling Equities
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17:Sterling Equities
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420:. Retrieved
416:the original
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391:. Retrieved
389:. 2016-06-01
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366:. Retrieved
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277:Ponzi scheme
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102:
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61:Headquarters
861:Steve Cohen
847:Fred Wilpon
269:Jeff Wilpon
265:Fred Wilpon
214:. It built
204:Fred Wilpon
187:real estate
163:Steve Cohen
131:real estate
51:Fred Wilpon
877:Categories
663:2020-02-29
393:2020-03-28
368:2020-03-28
301:References
216:Citi Field
197:Citi Field
78:Key people
422:March 18,
363:0362-4331
261:Greg Katz
257:Saul Katz
241:Greg Katz
222:project.
208:Saul Katz
55:Saul Katz
721:Deadspin
511:Deadspin
284:See also
47:Founders
31:Industry
412:Dexerto
87:Website
39:Founded
845:&
361:
121:, the
113:, the
681:(PDF)
636:(PDF)
619:(PDF)
602:(PDF)
585:(PDF)
424:2019
387:CNBC
359:ISSN
267:and
94:.com
53:and
42:1972
761:CBS
177:of
157:of
879::
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719:.
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Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
