Friday, December 12, 2008

The Wilpons lost money in the Madoff scheme

CNBC just announced that the Fred Wilpon's Sterling Equities had "accounts" with Bernard Madoff (actually pronounced Made-Off), whose brokerage firm turns out to have been a $50 billion Ponzi scheme.

Still, it was a better decision than signing Mo Vaughn.

Bloomberg has the story here.

No comments: