The issue is regarding Bernard L Madoff, its devious scheme and the impact of it on its owners of Mets who invested substantially to Madoff.

The trustee appointed by the court Irving H. Picard who at present oversees the dissolution of the Madoff firm, is faced with a deadline of Saturday, within which he has to take action legally against the investors who according to Picard had profited from the Ponzy scheme of Madoff before it got busted in the month of December of 2008. However the investors might not have been accused of any wrongdoing.

Numerous claims have been filed by Picard in the meanwhile from family members of Madoff, prominent lawyers, private equity dealers while he was carrying out his duty of reclaiming profits done by Madoff to distribute them in equal shares to the victims.

In the last two weeks cases had been filed by Pickard against UBS, JP Morgan Chase and HSBC suing them with multibillion -dollar charges accusing them of being complicit in the fraudulently done scheme. All the banks have denied the claims made by the trustee.

Everything said and done Picard had filed cases seeking to get back thirty two billion dollars and trough the month of September he had managed to get back one and a half billion dollar by selling assets and from out-of-the-court settlements.

One of the prominent investors that are yet to be sued is the Wilpon family which is the owner of Mets and has invested millions and millions of dollars for Madoff.

However it had been speculated widely that the Wilpon family had lost money in the scheme. Mets Limited Partnership is the name of an account that had put a total sum of five hundred and twenty two million seventy thousand dollars in to Madoff accounts and taken back five hundred and seventy million and fifty thousand dollars from the account. They have taken a net profit of forty seven million eighty thousand dollars as per one court filing done on bankruptcy in 2009 by Picard in New York.