Sunday, December 14, 2008

Mets owners are among those hurt by Madoff

Ok, now it is too much. Before the Madoff fraud was bad before but then it was just the economy and people's life savings (including many charities), now it is also the NY Mets! Yikes.

From The NY Times:
"Bob DuPuy, the president and chief operating officer of Major League Baseball, said Saturday that he and Commissioner Bud Selig had spoken with Wilpon on Friday. DuPuy said that all three believed that the fraud case would have no effect on the Mets’ operation.

But interviews Saturday with several people with knowledge of Wilpon’s business dealings revealed concern about significant problems that Wilpon and the Mets could encounter because of the reported fraud."

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