Madoff trustee Irving Picard says Mets ruling will take away $6B from Ponzi victims

Bernie Madoff trustee Irving Picard is crying foul over a federal court ruling, claiming the decision to toss much of his case against the owners of the Mets will also cut recovery for Madoff victims by nearly $6 billion. Manhattan federal judge Jed Rakoff threw out nine of 11 counts brought by Picard against Mets owners Fred Wilpon and Saul Katz, and limited the trustee to clawing back money withdrawn in just the two years prior to Madoff coming clean.

Read more: Madoff trustee Irving Picard says Mets ruling will take away $6B from Ponzi victims — New York Post