NY Mets owners made $48 million on Madoff investments

For all the people and institutions that lost tens of million of dollars investing with Bernie Madoff, a few had to make money. Someone had to be smart enough to take their gains and call it a day.

It turns out that among the more intelligent Madoff investors, or at least the more fortunate, were the owners of The New York Mets baseball team. Several media reports say that filings with the bankruptcy court handling the Madoff matter, by the trustee handling the victim's claims, show that the Mets Limited Partnership put $523 million into two Madoff accounts and withdrew $571 million.