The New York Mets owners and a trustee for Bernard Madoff's fraud victims have settled for $162 million in a case aimed at repairing the damage from a massive investment scheme. The agreement was announced Monday by Judge Jed Rakoff just as a civil trial was set to begin in U.S. District Court in Manhattan to determine if the team's owners might owe as much as $386 million because they were among those who made significantly more than their original investment in Madoff's investment company. Trustee Irving Picard had argued the team owners knew that Madoff's corrupt investment scheme was a fraud but continued their investments anyway because they were making a lot of money. Lawyers for the owners insist their clients had no idea the investments were a sham. Read more: http://espn.go.com/new-york/mlb/story/_/id/7708498/new-york-mets-settle-madoff-trustee-162-million
