Former Met Tim Teufel Also Sued by Madoff Trustee

Filed under: Mets

NEW YORK (AP) -- Former New York Mets player Tim Teufel is among the hundreds of Bernard Madoff investors who have been asked to return bogus profits from the fraudster's Ponzi scheme.

A court-appointed trustee sued the former second baseman in December, demanding that he return roughly $1.2 million he collected from investments with Madoff over the years.

The suit doesn't accuse Teufel of any wrongdoing or knowledge of Madoff's crimes, but said the hefty returns he thought he earned were actually made up of money stolen from other investors. Similar suits have been filed against many other Madoff clients as part of an effort by the trustee to return as much money as possible to its rightful owners.

Teufel, now the manager of the Mets' minor league affiliate in Buffalo, said he couldn't comment on the suit, but he said it wouldn't affect his job.

 

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Source: http://mlb.fanhouse.com/2011/02/19/former-met-tim-teufel-also-sued-by-madoff-trustee/

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