Picard seeks additional funds from Mets

Picard seeks additional funds from Mets

Picard seeks additional funds from Mets
Irving Picard, the trustee suing Mets owners Fred and Jeff Wilpon in an attempt to capture funds for victims of the Bernard Madoff Ponzi scheme, plans to amend the suit to try to claim more money, according to a published report.

ESPNNewYork.com, citing a "source within baseball," reported on Monday that Picard, who sued Wilpon and his family for $1 billion on Dec. 7, was given permission by U.S. Bankruptcy Judge Burton R. Lifland to amend the suit by Friday. Picard is expected to add funds from a charity operated by the Wilpons in the revised lawsuit, according to ESPNNewYork.com.

The Mets have neither confirmed nor commented on the report, nor did a spokesperson for Picard, who told ESPNNewYork.com that she was not authorized to comment because of the pending litigation.

ESPNNewYork.com obtained tax returns from 2008 and wrote that a Wilpon-run foundation claimed a loss for that year but also showed a profit from investments with Madoff. The website pointed out that Picard's lawsuit claims the "fictitious profits" for that foundation totaled $2,230,588.

Doug Miller is a reporter for MLB.com. Follow him on Twitter @DougMillerMLB and read his MLBlog, Youneverknow. This story was not subject to the approval of Major League Baseball or its clubs.