Comments on: New York Times: the Wilpons were warned that Madoff wasn’t a sound investment

By: fribnit

fribnit — Fri, 04 Feb 2011 21:07:53 +0000

AT least it is a really nice ballpark now. The drive still stinks but at least it is Citifield and not Shea that is the destination. Pity about the team though

By: BC

BC — Fri, 04 Feb 2011 17:08:46 +0000

Maybe if Cuban buys the team he can fix the access roads so I don’t have to drive two miles up Northern Boulevard and hook a u-turn to get onto the Van Wyck north to the Hutchinson Parkway. I haven’t figured a clean way out of there yet.

By: BC

BC — Fri, 04 Feb 2011 17:06:47 +0000

Thank you. Someone had to say it.

By: Old Gator

Old Gator — Fri, 04 Feb 2011 16:50:45 +0000

I won’t.

Mark Cuban for Grand Mets Poobah!

(This exhortation comes to you via mental dialysis unit, live from a pub in Charing Cross, where I’m supping on an ambrosial steak and ale pie.)

By: fribnit

fribnit — Fri, 04 Feb 2011 16:45:10 +0000

The Mets are a mess, have been for years. This is not going to help. Even as a Yankee fan I am feeling for Mets fans.

I am wondering when it will be announced that the majority share of the team is up for sale.

Mark Cuban huh? hum……

By: chrisny3

chrisny3 — Fri, 04 Feb 2011 15:20:53 +0000

“And I’m not buying for a second that the Wilpons are in better shape now that settlement talks have broken down, which some are arguing. That’s simply ludicrous.”

If it’s true Picard’s demands are ludicrous — as many are saying they are and I have no reason to doubt — the Wilpons halve little to lose by fighting back and could possibly end up owing less than what Picard is demanding. There also seems to be some solid legal precedent on which they are fighting back in terms of the New Times Securities case.

By: chrisny3

chrisny3 — Fri, 04 Feb 2011 15:15:32 +0000

“Fred was one of the last people Bernie saw before the FBI locked him up so if any allegation that Fred had even a hint of what was going on…”

Nice of you to leave out that it was a meeting at Madoff’s office for the board of one of the charities Wilpon was involved in. That’s why he saw Madoff a few days before he was arrested. It wasn’t a social or even business call.

By: chrisny3

chrisny3 — Fri, 04 Feb 2011 15:11:41 +0000

“I’m sure a certain commenter who has been showing up in all the Wilpon threads will either echo those talking points or even have them before the Daily News does (uncanny, that!). ”

LOL, Craig is referring to moi. Uncanny? Are you implying again I am on the inside? I can assure you I am not. I wish I were because it seems those who are are either very rich or stand to make a fortune on this.

No, I am not on the inside of this case. A lot of what I wrote before the Daily News stories in which the Wilpons struck back came out is common LEGAL sense. I have some experience with the legal system and have lived with lawyers but that is the extent of my legal background. I am not a lawyer.

Just being a fan in NY and having followed any of the sports teams here in the city, you know how the NY sports media likes to churn things up, wildly exaggerate, and even fabricate things. So I’ve got my radar up on that count all the time anyways.

As per today’s new stories, it’s funny that the NYT’s alleges the Wilpons were warned by Merrill Lynch, but there are no specifics (unlike their coverage of the Picard lawsuit against Chase where they’ve actually revealed the type of evidence such as emails that would hold up in a court of law). No actual names, specific dates, emails or correspondence. It could be pure hearsay. Or even less.

The Wilpons say there is no factual evidence to support Picard’s ludicrous claim that they knew or should have known about the scheme. And so far, none of the information Picard has leaked proves they did.

By: BC

BC — Fri, 04 Feb 2011 14:52:50 +0000

Hopefully Bonilla’s deferred money was with Madoff as well.

By: BC

BC — Fri, 04 Feb 2011 14:50:30 +0000

I will resist the urge to start another Mark Cuban For Grand Mets Poobah thread….

By: mrznyc

mrznyc — Fri, 04 Feb 2011 14:29:41 +0000

When you add up the liabilities it becomes evident the Wilpons are gone. The 48 Million they received over the amount they invested with Bernie is chump change in all this. The Times reported that of the 15,000 accounts that Madoff had 500 were connected to the Wilpons (it looks like they were running a “feeder” opperation). Fred was one of the last people Bernie saw before the FBI locked him up so if any allegation that Fred had even a hint of what was going on then he’s going to be liable for every penny of his employees 401Ks which he lost with Madoff. Fred and Jeff have already borrowed 700 million against the Mets (Value 850 million). Fred and Jeff “invested” all the deferred money from his player contracts with Bernie. That’s all gone and the Mets are certainly liable for that money. They’re gone and I figure gone pretty quickly – It couldn’t happen to a nicer bunch.

By: browngoat25

browngoat25 — Fri, 04 Feb 2011 13:52:43 +0000

I know there is/was a website called DodgerDivorce; I wonder if the will be a MetsMadoffMess.com coming out soon…

By: thelucasjj

thelucasjj — Fri, 04 Feb 2011 13:26:02 +0000

How much joy do you think Frank McCourt feels each time another piece of this story comes out?