Irving Picard and crew came after Sterling Equities big time Thursday
."Court papers filed by Irving Picard allege that team owners Fred
Wilpon, Saul Katz and their investment firm, Sterling Equities,
suspected as early as 2001 that Madoff was running a Ponzi scheme, and
considered purchasing "fraud insurance" against any losses.
Manhattan Bankruptcy Court filing cites handwritten notes by Sterling
partner Arthur Friedman regarding "Madoff insurance" that would provide
coverage in the event of "Fraud or Fidelity (Ponzi)" and "Insolvency for