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NY Mets v Madoff Trustee Trial Slated to Start March 19th

Many thanks to NJ.com for posting a full witness list: One person to look forward to will certainly be Noreen Harrington, the former chief investment officer of Sterling Stamos who wrote in her deposition that she warned both Fred Wilpon and Saul Katz that the return on Bernie Madoff’s investments were strikingly consistent, a warning sign of a possible fraudulent operation.

Here’s the defendants’ (Wilpon, Katz and partners) witness list:
1. Fred Wilpon: The majority owner of the New York Mets
2. Mark Peskin: Chief Financial Officer of the New York Mets and Sterling Equities, a group of companies that includes the New York Mets, Brooklyn Cyclones and other various venture capital groups and real estate partners.
3. Saul Katz: Co-founder and president of Sterling Equities, president of the New York Mets.
4. Arthur Friedman: Senior Vice President of Sterling Equities and a member of the Mets’ board of directors. Due to an illness, Friedman will be testifying via a videotaped deposition.
5. Peter Stamos: Co-Managing Partner and the Chairman and Chief Executive Officer of Sterling Stamos, a private investment firm.
6. Ashok Chachra: A former chief investment strategist and head of absolute return funds for Sterling Stamos.
7. Steve Kenny: A Fleet National Bank executive. Fleet National was a “Madoff Approved” bank, and one that Sterling used to take out “double up” loans that they then used to invest with Madoff.
8. Charles Klein: A managing director at American Securities, a business with a long-standing relationship with Sterling Equities. In 2000, American Securities, also an investor with Madoff, acquired insurance against fraud when investing with Madoff.
9. Robert Rosenthal*: CEO, First Long Island Investors. The trustee has filed a motion with the judge not to allow Rosenthal to testify.
10. Michael Dowling*: North Shore-LIJ Health System president, another person on the list that the trustee has filed a motion against testifying.
11. Sandy Koufax*: A best friend of Wilpon’s from high school. The Hall of Famer was a former teammate of Wilpon’s growing up and visits the Mets’ complex on a regular basis.
12. Robert Morgenthau*: From 1975 to 2009, he was the District Attorney for Manhattan. Currently, he is the chairman of the local Police Athletic League, to which the Wilpon family donated funds that were later mostly seized in the Madoff scandal.
* = The motion filed by Picard states that these witnesses have no relation to the trial issues at hand and are simply the Wilpon’s most famous and philanthropic friends who will attempt to influence a jury.
Here’s the plaintiff’s list:
The bolded names with no description have already been listed above. Based on the list, there are two important things to note here: One is that the trustee’s council will not have Fred Wilpon testify. Saul Katz, however, will. A few more Mets employees are also on this list that weren’t on the defendant’s list, including vice president and controller Leonard Labita, Michael Katz and David Katz.
Lastly, be on the lookout for Harrington, the final person set to testify. As we mentioned up top, she allegedly warned Wilpon and Katz about the suspicious returns from Madoff investments, specifically that they could be the product of a fraudulent operation.
1. Bruce Dubinsky:: Managing director at Duff and Phelps and a retained expert for the trustee’s team.
2. Saul Katz

3. Arthur Friedman
4. Cynthia Rongione
5. Lisa Collura (expert)
6. Matt Greenblatt (expert)
7. Leonard Labita: Vice president and controller, the New York Mets. Accounts caught up in Madoff’s web under the title Sterling Mets Limited Partnership were listed under Labita’s care.
8. Maureen Hawa (via video deposition)
9. Mark Peskin
10. Joseph Reese
11. Michael Katz: Brother of Saul Katz, senior vice president of Sterling Equities and a member of the board of directors for the New York Mets.
12. Steven Kenny
13. Kevin Barcelona: Senior partner and chief financial officer of Sterling Stamos. Received his masters from nearby Seton Hall University.
14. Peter Stamos
15. Basil Stamos: Brother of Peter Stamos and chairman of Sterling Stamos Corporate Philanthropy.
16. Kevin Dunleavy
17. David Katz: Son of Saul Katz, Executive vice president of Sterling Equities and a board member of the New York Mets.
18. Noreen Harrington: the former chief investment officer of Sterling Stamos who wrote in her deposition that she warned both Fred Wilpon and Saul Katz that the return on Bernie Madoff’s investments were strikingly consistent, a warning sign of a possible fraudulent operation.

 

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