[Liz]

N-i-c-e input. Thanks.

[Liz]

Rumor has it that the Wilpon’s also withdrew some $550M for the CitiField ballpark construction. They thought that they had over $500Mleft after that large withdrawal. This is the second Ponzi scheme the Wilpon’s have been involved in. In 2009 Fred Wilpon and co-owner Saul Katz agreed to turn over 12.9M after their company Sterling Securities withdrew $30M from a Hedge fund named Bayou Group------ which was a Ponzi scheme.

Once again, we see how the rich stay rich------these people belong in jail. Their “investments” are classic tax evasion-money laundering schemes. The investors collude with the Ponzi schemer from the getgo-----even a so-called “loss” is a tax writeoff.

[Wiggins]

Thanks for posting the article. As a long time Mets fan, I’ve been following this story closely. I feel sorry for the honest investors who lost everything. I always loved the game of Baseball and feel really bad about what it’s turned out to be.