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Longtime Madoff friend settles; Mets owner is sued

Federal prosecutors and the Madoff trustee reached a settlement of $625m with the family of Carl Shapiro, an old friend and customer of Bernard Madoff

For the man recouping losses for Bernard Madoff's victims, Tuesday was just another typical day in the frenzied few weeks leading up to the second anniversary of the infamous Ponzi scheme's collapse.

Irving Picard added a flurry of new complaints to the hundreds of lawsuits already filed, including one against New York Mets owner Fred Wilpon. Picard and federal prosecutors also reached a $625m settlement with the family of Carl Shapiro, a longtime friend and customer of Madoff.

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