Larry King says Wilpon lost $700 million to Madoff

• Fred Wilpon was King's entree to Madoff years ago but he only lost $2.8 million.

NY Post Mets blog: "CNN's Larry King says that close friend Fred Wilpon lost a staggering $700 million in the Bernie Madoff scheme.

• In a lengthy interview with GQ Magazine in its June issue, King told author Chris Heath that

• Wilpon was responsible years ago for putting King in touch with Madoff to invest.

King said he lost $2.8 million to Madoff, but that Wilpon was duped out of the $700 million. According to Forbes magazine, which values all of the major professional franchises, the Mets are worth $912 million....

• Neither the Mets nor Wilpon have ever confirmed how much he lost with Madoff, who recently began a 150-year prison sentence for the reported $65 billion scam. Earlier reports had put Wilpon's loss at between $300 million-$500 million."...

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