Wilpon's Folly

Wilpon's Folly

Howard Megdal


On December eleven, 2008, in the course of a hectic baseball offseason, Bernard Madoff was once arrested for orchestrating a huge monetary fraud. between his leader traders used to be Mets proprietor Fred Wilpon, who not just misplaced a huge profit circulation for that reason, yet is now being sued for "fictitious profits" that he now owes to different Madoff sufferers. To the track of just about 1000000000 dollars.How did this ensue? the place did Wilpon get it wrong, and why does a fraud sufferer by surprise owe funds? the reality approximately those questions has been mostly hidden, yet during this brief booklet, the entire tale is totally published. during this tight narrative, Howard Megdal tells the dramatic monetary story and proves a stunning fact: Wilpon's thirty-year reign as proprietor of the Mets is ready to end.Perhaps the main public sufferer of the Madoff scandal, Wilpon now faces an extended highway, and sure a tricky offseason. right here Megdal articulates either Wilpon's place and people opposed to him. Like Michael Lewis' the large brief, this booklet unravels the realm of a big funding scandal via an enjoyable and recognizable tale.

Show sample text content

Download sample