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Madoff's Mets tickets will be auctioned off
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Published: April 15, 2009
NEW YORK - A federal bankruptcy judge signed off Tuesday on a plan to raise tens of thousands of dollars for victims of the Bernard Madoff fraud by auctioning off pricey New York Mets season tickets owned by the disgraced financier's investment firm.
Madoff pleaded guilty in March to charges that his investment service actually was a massive Ponzi scheme that paid longtime clients with money from new ones.
A trustee has been liquidating Madoff's business assets to help cover thousands of claims filed by burned investors.
The tickets had been put up for sale for single games through this weekend while the plan to dump the entire season ticket package was worked out. One fan paid $7,500 for the $525 seats to take his son to watch the Mets home opener Monday.
The block of tickets for the remaining home games starting April 24 - valued at roughly $60,000 - will be put up for a one-week auction on eBay starting this week. Bids will begin at $30,000.
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