This week in LWIB, an update on Madoff and the Mets and is the annual bleating in the media over postseason start/finish times justified?
MADOFF AND THE METS UPDATE
It will soon be a year since the SEC charged Bernie Madoff with operating a Ponzi scheme. Subsequent to the charges it was soon revealed that New York Mets owner Fred Wilpon had been a Madoff investor for forty years. Determining the extent of the losses suffered by Mr. Wilpon either personally or via his investment company “Sterling Equities” and how (or if) this will impact the Mets has since been a sport unto itself. Erin Arvedlund reported in her book, Too Good to be True: The Rise and Fall of Bernie Madoff, that a sale of the Mets was a matter of when, not if.
The Wilpons have repeatedly and steadfastly denied that their investments with Mr. Madoff will affect the Mets. However, that has not quelled the speculation. Some wonder if there was a connection between the Mets aggressive behaviour (signing K Rod...
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