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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)

• Fast Facts

  1. Chairman: Fred WilponBloomberg: Sterling Equities, Madoff Client, 'Shocked' by Fraud (Update2) (December 12, 2008) Sterling Equities: Official Homepage
  2. President: Saul KatzSterling Equities: Official Homepage
  3. Employees: 200LinkedIn: Sterling Equities
  4. Founded in 1974 by Wilpon and Saul KatzBloomberg: Sterling Equities, Madoff Client, 'Shocked' by Fraud (Update2) (December 12, 2008)
  5. May have had as much as $300 million with MadoffBloomberg: Sterling Equities, Madoff Client, 'Shocked' by Fraud (Update2) (December 12, 2008)
  6. Currently holds over $3.5 billion of real estate and related assets in five investment fundsSterling Equities: Official Homepage
  7. Owns and manages over 3,000 residential units and 600,000 square feet of commercial spaceSterling Equities: Official Homepage
  8. Real estate in Atlanta, St. Louis, Knoxville (Tennessee), and New York CitySterling Equities: Official Homepage
  9. Owns SportsNet New York, regional sports networkSterling Equities: Official Homepage
  10. Bought a partnership in the Mets in 1980 and became owner in 2002Bloomberg: Sterling Equities, Madoff Client, 'Shocked' by Fraud (Update2) (December 12, 2008)
  11. 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)
  12. Sterling Equities employees reported campaign donations totalling $16,800, all but $800 to George W. Bush in 2004)Huffington Report Fund Race: Sterling Equities

• 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)

  
  

• Related Pages on Mahalo

  New York Mets | Bernard Madoff | New York City | Atlanta | Tennessee | Florida | Meaghan Cheung

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