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Saul Katz
Saul Katz (born 1939) is the President of the New York Mets. ==Biography== Born to a Jewish family〔(Record Pilot: "Chabad Bids Shalom...Festival of Lights Illuminates Village Square By Carla Santella ) December 14, 2007〕〔(Jewish Foundation for the Righteous: "On Monday, December 1, 2014, the JFR will honor Iris and Saul Katz with the Foundation’s Recognition of Goodness award" ) retrieved October 24, 2014〕〔(New York Times: "Paid Notice: Deaths KATZ, ROSE" ) September 23, 2003〕 in Brooklyn〔(New York Post: "Mets’ owners’ kin made millions from Madoff: suit" By Kathianne Boniello ) February 6, 2011〕 he graduated from Brooklyn College in 1960〔(Brooklyn College Foundation Board of Trustees ) retrieved October 24, 2014〕 with a degree in accounting. In 1972, he cofounded Sterling Equities, a commercial real estate development company, with his brother-in-law Fred Wilpon.〔(Sports Illustrated: "Pays The Price" by Tom Verducci ) May 30, 2011〕 They built a development of townhouses in Tarrytown, a suburb in Westchester County which was very successful.〔(The New Yorker: "Madoff’s Curveball - will Fred Wilpon be forced to sell the Mets?" by Jeffrey Toobin ) May 30, 2011〕 Seeking to minimize their tax obligations, they purchased real estate throughout the country that had favorable tax treatment〔 which turned out to be a boon since they were unknowingly buying property at the bottom of the market.〔 In addition, he serves as the President of the Brooklyn Cyclones, a Mets minor league affiliate.〔http://www.brooklyncyclones.com/team/owners/index.html?staff_id=12〕 Entities and individuals affiliated with Katz and Wilpon received $300 million in respect of investments in the Bernard Madoff Ponzi scheme. Wilpon and Katz "categorically reject()" the charge that they "ignored warning signs" about Madoff's fraud.〔(Madoff Trustee: Mets Owners Ignored Ponzi Warning Signs ), Chad Bray, ''The Wall Street Journal'', February 4, 2011, Retrieved February 4, 2011.〕
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