Wilpon's Folly

The Story of a Man, His Fortune, and the New York Mets

Business & Finance, Business Reference, Business Ethics, Biography & Memoir, Sports
Cover of the book Wilpon's Folly by Howard Megdal, Bloomsbury Publishing
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Author: Howard Megdal ISBN: 9781608199044
Publisher: Bloomsbury Publishing Publication: November 15, 2011
Imprint: Bloomsbury USA Language: English
Author: Howard Megdal
ISBN: 9781608199044
Publisher: Bloomsbury Publishing
Publication: November 15, 2011
Imprint: Bloomsbury USA
Language: English

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 suddenly owe money? 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 those against him. Like Michael Lewis' The Big Short, this book unravels the world of a major investment scandal through an entertaining and recognizable story.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

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 suddenly owe money? 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 those against him. Like Michael Lewis' The Big Short, this book unravels the world of a major investment scandal through an entertaining and recognizable story.

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