So now it's out that Sterling, Inc was involved in ANOTHER ponzi scheme a number of years back and wound up paying someone off in a settlement on profits they made on that one.
So, it becomes harder for Fred WIlpon and Saul Katz to look totally in good faith that they didn't have the slighest inkling about Bernie Madoff's ponzi scheme. If NOTHING else, they should have seen SOME similarities in the returns I would suspect. I mean, I know nothing about this sort of thing... but having been burned once, don't you think they would have at least been a little wary of ANY investment's that seemed a little too godd to be true?
Again, I know that Madoff and Wilpon were like BIG time, long time friends and that the friendship likely brought along a large amount of "benefit of the doubt" with it, but c'mon...
Remember what I said about being a Mets' fan and waiting each day for that kick in the groin? Sheesh.
No comments:
Post a Comment