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The Wilpons really know how to pick their business partners

Dec 3, 2012, 8:19 AM EDT

Image (1) mets%20logo.png for post 3109

The Mets financial woes began with the Wilpons going into business with fraudster Bernie Madoff.  In order to address those woes, the Wilpons decided to sell ownership stakes in the team.  One stake went to Steven Cohen, who was recently named in a criminal indictment for insider trading.

Another went to James F. McCann, the CEO of 1-800-Flowers, a company which Steve Eder, Richard Sandomir and Alison Leigh Cowan of the New York Times reports, now has legal troubles of its own:

In March 2012, a group of online retailers was sued in federal court, accused of having participated in a cynical and longstanding scheme to cheat customers out of millions of dollars. One of the named defendants is Inc., which says it is the world’s leading florist and gift shop … A recent legal filing by lawyers in the case asserted that “1-800-Flowers was well aware that its customers were getting defrauded.”

Check out the story.

And then ask yourself why the Mets oweners can’t seem to partner up with anyone who isn’t shady.

  1. Old Gator - Dec 3, 2012 at 8:39 AM

    Because capitalism as a system is corrupt and exploitive at its core in the first place?

    • yahmule - Dec 3, 2012 at 9:26 AM

      Aw, Gator, you make it seem like the ruthless white-collar criminals who have run this country into ruin are bad people or something.

    • historiophiliac - Dec 3, 2012 at 9:56 AM


  2. dennisund - Dec 3, 2012 at 8:45 AM

    What is ‘the reasons that the Wilpons are shady douchebags.’

    I’ll take Follow the Money for $400, Alex.

    • Old Gator - Dec 3, 2012 at 9:07 AM

      Fred Wilpon, you’ve so-o-o-led out! Now let’s see what you’ve won here on your fifth day on Hawaiian Sellout!

      Bud – what’s Mr. Wilpon’s heave so far?

      Right Sandy! So far, a set of broken cullet bars for Mr. F’s new home! Some leveled mung skies and water rollers for that fun-filled open season! A standup goodbye reheater with a smoked windown and now…..

  3. billb09 - Dec 3, 2012 at 9:33 AM

    Please get them out of baseball….. Can Sandy pull off the deal of the century and trade the ownership, so we the Met fans can have our team back.

    • deadeyedesign23 - Dec 3, 2012 at 9:49 AM

      Wilpons for Loria straight up. It’s a change of scenery situation.

      • Old Gator - Dec 3, 2012 at 10:04 AM

        It would be a nice change to see the Feesh being run by a putz who can’t make any money.

  4. Roger Moore - Dec 3, 2012 at 9:49 AM

    What do these fraudsters have in common? Wall Street. When the big local industry is a mix of barely disguised fraud and outright obvious fraud, any attempt to bring in big money local ownership is going to get some fraudsters.

  5. dukepatrol - Dec 3, 2012 at 10:08 AM

    Anybody who would invest 20 mil in the Mets has to be shady

    • Cris E - Dec 3, 2012 at 12:15 PM

      Not true. There are a couple cases where “shady” is not the main driver:
      – A controlling share for $20m would totally be worthwhile.
      – Stupid covers a lot of ground…

  6. raysfan1 - Dec 3, 2012 at 11:18 AM

    Capitalism is the worst economic system imaginable, except for all of the other economic systems in the world.

  7. raysfan1 - Dec 3, 2012 at 11:20 AM

    Capitalism is the worst economic system imaginable, except for all the other economic systems in the world.

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