SIPC Comments on Sterling Clawback

Discussion in 'Wall St. News' started by Options12, Mar 20, 2012.

  1. Options12

    Options12 Guest

    The Sterling parties – including Fred Wilpon, chairman and CEO of the New York Mets, and Saul Katz, president of the New York Mets -- have agreed to pay $162 million over five years to the BLMIS Customer Fund. This is equal to 100 percent of the fictitious profits that were withdrawn by the Sterling parties during the six-year period prior to the BLMIS liquidation proceeding.