As a Phillies fan, I consider Mets (and their fans too?) to be the scum of the earth. (Yankees are really no better). But today, its not really about baseball at Citi Field. The owners of the Mets has agreed to pay $162 million to try and rectify the record-breaking Ponzi scheme conducted by Bernard L. Madoff. The victims of the scheme were represented by Irving H. Picard and he brought the lawsuit against the owners of the Mets, Fred Wilpon and Saul Katz, and it was to be tried in Manhattan federal court this Monday after a year of delays. Picard accused the owners of ignoring warnings that Madoff was running a fraud and they had ignored the warning signs. The $162 million will make Wilpon and Katz the "net losers" of the Madoff scheme.
Marketing wise---this stinks for the Mets, they aren't really known as the most profitable team and now their owners must shell out nearly 200 million dollars. Also, I can't see how aligning your team in such a polarizing topic as Madoff could be good press.
This interests me a lot because I"m actually minoring in Criminal Justice to build up a foundation in Forensic Accounting--where I can investigate and aid in the prosecution of white-collar criminals.
http://www.nytimes.com/2012/03/20/sports/baseball/mets-owners-pay-162-million-to-settle-madoff-suit.html?_r=1&hp
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