Their involvement changed the trajectory of the franchise.Wilpon and Katz had over 500 accounts with Madoff and were taken legal action against for $1 billion by the trustee for the victims who claimed they understood, or need to have understood, about the deceitful returns from Madoffs plan, according to The New York Times.Madoff was known for his double-digit returns, and word spread. Subsequently, the Wilpons slowly lost power and their monetary stake in the team.Current Mets owner Steve Cohen purchased $20 million minority investment stakes in the Mets following the collapse of Madoffs Ponzi scheme, ultimately acquiring the bulk ownership of the franchise from the Wilpon and Katz families in September 2020. In June 2009, a judge ordered a $171 billion loss order that removed Madoff of all of his individual home, including real estate, investments and $80 million in assets.The scandal also exacted an individual toll on Madoffs household: One of his sons, Mark, eliminated himself on the second anniversary of his dads arrest, in 2010.

Their participation altered the trajectory of the franchise.Wilpon and Katz had over 500 accounts with Madoff and were taken legal action against for $1 billion by the trustee for the victims who declared they understood, or must have known, about the deceptive returns from Madoffs plan, according to The New York Times.Madoff was understood for his double-digit returns, and word spread. Subsequently, the Wilpons slowly lost power and their financial stake in the team.Current Mets owner Steve Cohen purchased $20 million minority financial investment stakes in the Mets following the collapse of Madoffs Ponzi scheme, eventually buying the majority ownership of the franchise from the Wilpon and Katz families in September 2020. In June 2009, a judge ordered a $171 billion forfeit order that stripped Madoff of all of his individual home, consisting of real estate, investments and $80 million in assets.The scandal likewise exacted an individual toll on Madoffs family: One of his children, Mark, eliminated himself on the second anniversary of his dads arrest, in 2010.

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