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- Chairman: Fred WilponBloomberg: Sterling Equities, Madoff Client, 'Shocked' by Fraud (Update2) (December 12, 2008) Sterling Equities: Official Homepage
- President: Saul KatzSterling Equities: Official Homepage
- Employees: 200LinkedIn: Sterling Equities
- Founded in 1974 by Wilpon and Saul KatzBloomberg: Sterling Equities, Madoff Client, 'Shocked' by Fraud (Update2) (December 12, 2008)
- May have had as much as $300 million with MadoffBloomberg: Sterling Equities, Madoff Client, 'Shocked' by Fraud (Update2) (December 12, 2008)
- Currently holds over $3.5 billion of real estate and related assets in five investment fundsSterling Equities: Official Homepage
- Owns and manages over 3,000 residential units and 600,000 square feet of commercial spaceSterling Equities: Official Homepage
- Real estate in Atlanta, St. Louis, Knoxville (Tennessee), and New York CitySterling Equities: Official Homepage
- Owns SportsNet New York, regional sports networkSterling Equities: Official Homepage
- Bought a partnership in the Mets in 1980 and became owner in 2002Bloomberg: Sterling Equities, Madoff Client, 'Shocked' by Fraud (Update2) (December 12, 2008)
- Also owns the Brooklyn Cyclones and major real estate developments in New York and FloridaDaily News: Mets owner Fred Wilpon may have been big loser in Bernard Madoff's $50 billion ponzi scheme (December 12, 2008)
- Sterling Equities employees reported campaign donations totalling $16,800, all but $800 to George W. Bush in 2004)Huffington Report Fund Race: Sterling Equities
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Sterling Equities, Inc., is a New York City-based investment firm that owns the New York Mets baseball team.Bloomberg: Sterling Equities, Madoff Client, 'Shocked' by Fraud (Update2) (December 12, 2008)
On December 12, 2008, Sterling reported that they had accounts at Bernard L. Madoff Investment Securities and were "shocked" by Bernard Madoff's confession of fraud. Sterling may have had as much as $300 million invested with Madoff.Bloomberg: Sterling Equities, Madoff Client, 'Shocked' by Fraud (Update2) (December 12, 2008)
Quotes
"Among our various investments, we have accounts managed by Madoff Securities. We are shocked by recent events and, like all investors, will continue to monitor the situation."—Sterling Equities statementBloomberg: Sterling Equities, Madoff Client, 'Shocked' by Fraud (Update2) (December 12, 2008)
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Sterling Equities Questions
How can I determine the Tangible Equity on a Financial Report? 1 Answer-quote- "TANGIBLE EQUITY OR TANGIBLE NET WORTH describe the amount of owners' or stockholders' equity after deduction of intangible assets. Total assets minus i... read more
Did most hedge funds buy equity markets as they were falling?I believe they did and this is why Hedge fund ( Harbinger Capital Partners purchased enough NY Time shares in February and to gain 10% of the stocks. With that... read more
How do I start a Home Equity Line of Credit? 2 AnswersFind a local bank or credit union and say "I'd like a Home Equity Line of Credit."They all have rate sheets and will be happy to check your credit report and se... read more
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Real Estate In-House Counsel Position: Great Neck, New York Sterling Equities Associates Mon, 16 Nov 2009 13:34:43 -0800 http://bit.ly/10git
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