Author says Wilpon losses to Madoff will force sale of Mets
Quick ReadBut the team says writer's estimates are off and team is not on the block
Photo credit: John Dunn | A writer with a new book coming out on Bernard Madoff says the family of Fred Wilpon has lost so much money in the Ponzi scheme of Bernard Madoff that it will be forced to sell the Mets. (Aug. 18, 2009)
The owners of the Mets will be forced to sell the pro baseball team due to huge losses suffered in the Bernard Madoff swindle, the author of a book about the disgraced money manager said Friday.
The Wilpon family, led by Mets owner Fred Wilpon, lost about $700 million because of Madoff, according to Erin Arvedlund, author of "Too Good to Be True," published this month.
Arvedlund said...
