Wilpon's Folly: The Story of a Man, His Fortune, and the New York Mets

Wilpon's Folly: The Story of a Man, His Fortune, and the New York Mets

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On December 11, 2008, in the middle of a busy baseball offseason, Bernard Madoff was arrested for orchestrating a massive financial fraud. Among his chief investors was Mets owner Fred Wilpon, who not only lost a major revenue stream as a result, but is now being sued for "fictitious profits" that he now owes to other Madoff victims. To the tune of almost a billion dollars.How did this happen? Where did Wilpon go wrong, and why does a fraud victim suddenlyowemoney? The truth about these questions has been largely hidden, but in this short book, the whole story is fully revealed. In this tight narrative, Howard Megdal tells the dramatic financial tale and proves a surprising truth: Wilpon's thirty-year reign as owner of the Mets is about to end.Perhaps the most public victim of the Madoff scandal, Wilpon now faces a long road, and likely a difficult offseason. Here Megdal articulates both Wilpon's position and...
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Data sheet

Name of the Author
Howard
Megdal
Language
English
ISBN
9781608199044
Release date
2011

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Wilpon's Folly: The Story of a Man, His Fortune, and the New York Mets

On December 11, 2008, in the middle of a busy baseball offseason, Bernard Madoff was arrested for orchestrating a massive financial fraud. Among his chief in...

Write your review

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