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Wilpons May Sell As Much As 49%
Friday, April 1, 2011 - 2:21pm | 79Read More...Fred and Jeff Wilpon may be willing to sell as much as 49% of the New York Mets, as they look to settle a lawsuit stemming from Bernie Madoff. Michele Steele, the sports business report for Bloomberg tweeted the news. The Wilpons are currently trying to settle with Madoff trustee Irving Picard,...
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Time Warner, Comcast May Not Let Mets Sell SNY Stake (TWX, CMCSA)
Friday, March 18, 2011 - 11:29am | 116Read More...A tweet from Michele Steele, who is Bloomberg's sports business reporter says that Comcast (NASDAQ: CMCSA) and Time Warner (NYSE: TWX) may not let the owners of the New York Mets, Fred & Jeff Wilpon, sell their stake in SNY, the paid cable channel, which is co-owned by all three. The Wilpon's...
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Bernie Madoff Is Completely Delusional!
Monday, February 28, 2011 - 11:50am | 298Read More...Bernie Madoff called a New York Magazine reporter from the Butner Federal Correctional Complex and gave a wide-ranging interview. CNBC just played some snippets from the recorded conversations, and those clips as abbreviated as they are, make Madoff sound truly delusional. He said that when all is...
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Bernie Madoff Is Completely Delusional!
Monday, February 28, 2011 - 11:50am | 298Read More...Bernie Madoff called a New York Magazine reporter from the Butner Federal Correctional Complex and gave a wide-ranging interview. CNBC just played some snippets from the recorded conversations, and those clips as abbreviated as they are, make Madoff sound truly delusional. He said that when all is...
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Benzinga's Political Roundup (C)
Wednesday, February 23, 2011 - 1:06pm | 109Read More...Irving Picard is suing Citigroup Inc. (NYSE: C) in an effort to recover some $430 million, as Picard claims that Citigroup knew about Bernie Madoff's Ponzi scheme. The Securities and Exchange Commission is looking into conflicts of interest over trading shares of private companies such as...
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Zings Of The Day (FDO, JPM)
Wednesday, February 16, 2011 - 6:12pm | 117Read More...Billionaire investor Nelson Peltz's Trian Capital sent a letter to Family Dollar (NYSE: FDO), saying he had a "contingent value letter" to take the company private for between $55 and $60 in cash. That's more than a family dollar. That's a pretty penny. Bernie Madoff gave his first interview for...
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Bernie Madoff Pitching A Save For The Mets
Wednesday, February 16, 2011 - 12:12pm | 699Read More...Bernie Madoff is trying to pull a Fransisco Rodriguez, and save the owners of the Mets, Fred & Jeff Wilpon, saying they didn't knew about Madoff's scheme. Madoff also said that NY banks, like J.P. Morgan (NYSE: JPM) had to have known about the scheme. In an interview with the New York Times,...
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Leave Citi Field Alone!
Tuesday, February 8, 2011 - 12:20pm | 358Read More...The New York Times has an article that (NYSE: NYT) opines that the New York Mets should rename Citi Field in light of all the hoopla that is surrounding the team. I don't see how the connection between renaming the ballpark and the legal mess that the Wilpons are in. A couple of weeks ago, Fred...
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Benzinga's Political Roundup (JPM)
Friday, February 4, 2011 - 1:42pm | 100Read More...The SEC has charged 6 people with of insider trading with expert network firms. Federal Reserve Chairman Ben Bernanke dismissed complaints that the U.S. is driving up food and energy prices by countries like China and other emerging markets. J.P. Morgan (NYSE: JPM) may have known about the Ponzi...
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Mets-Madoff Lawsuit Unsealed
Friday, February 4, 2011 - 1:36pm | 270Read More...Here is the full statement regarding the lawsuit against New York Mets owners Fred Wilpon, Jeff Wilpon and team president Saul Katz. The three men are being sued by Irving Picard, the trustee for Bernie Madoff victims. The lawsuit was unsealed today, claiming that the Wilpons made over $300...
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What Exactly Did J.P. Morgan Know About Bernie Madoff? (JPM)
Friday, February 4, 2011 - 9:55am | 318Read More...Senior executives at J.P. Morgan (NYSE: JPM) knew that Bernie Madoff was running a Ponzi Scheme as early as 2007, but they did nothing about it. An email from a J.P. Morgan staffer was written in June 2007 discussing that Madoff might be running a Ponzi scheme. The email reads: "For whatever it[']...
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New York Mets May Sell Part Of SNY To Settle Madoff Claims
Thursday, February 3, 2011 - 9:44am | 321Read More...According to the Wall Street Journal, the New York Mets would consider selling a portion of its share in cable channel SNY if it is otherwise unable to sell a minority stake in the team. There have been reports that the Mets would have trouble selling a minority stake, up to as much as 25% of the...
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Update On Mets-Madoff Mess
Tuesday, February 1, 2011 - 7:00pm | 267Read More...The owners of the New York Mets, Fred Wilpon, chief operating officer Jeff Wilpon, and team president Saul Katz, met with MLB Commissioner Bud Selig today to discuss the situation revolving the potential sale of a portion of the team. According to Adam Rubin of ESPN New York, the Mets may wind up...
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Mets May Have Hard Time Raising Funds
Monday, January 31, 2011 - 3:33pm | 179Read More...A tweet from Andrew Marchand, who is a writer for ESPN New York says that the New York Mets may have a hard time getting someone to buy a portion of the team. Marchand tweeted, "I have spoken to a couple of knowledgeable baseball biz folks, no one can give a good reason to fork over $200M for...
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Madoff Victims Win A Big One
Friday, December 17, 2010 - 12:51pm | 78Read More...Victims of Bernie Madoff's Ponzi scheme have gotten their biggest victory since it all happened, as Irving Picard, trustee of the Madoff victims, settled with the estate of Jeffry Picower, according to the Wall Street Journal. According to the U.S. Attorney for the Southern District of New York,...
