16
2011
NY Times: Madoff Says Mets Owners Knew Nothing
In an exclusive interview with the New York Times, convicted felon Bernard Madoff said that the Wilpons “knew nothing” about the Ponzi scheme.
Mr. Madoff said about Fred Wilpon and Saul Katz, Mr. Wilpon’s brother-in-law and business partner: “They knew nothing. They knew nothing.”
Madoff said the trustee Irving Picard has no evidence that the Mets owners had any knowledge of the fraud, and that Picard is operating solely on his suspicion and contention that they should have known.
It was his first interview since his arrest in December 2008, and Madoff was very firm in his stance that neither the Mets owners or even his family members knew about his crimes.
However, he was just as adamant that the banks and hedge funds involved in the Ponzi scheme were “complicit” in his elaborate fraud.
These new revelations should be able to give the Wilpons and Saul Katz some much needed breathing room as they try to work though this mess and eventually come to a settlement with the trustee.
About the Author: Craig Lerner
I'm a data analyst and researcher for a leading news agency who loves life and is hooked on the Mets. I love following the Amateur Draft and have a particular fondness for the Mets Minor Leagues who I follow each day. Give me a cold beer, a summer day, and a Mets game, and I'm good to go.
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An article by Craig Lerner




Madoff said about Fred Wilpon and Saul Katz, Mr. Wilpon’s brother-in-law and business partner: “They knew nothing. They knew nothing.”
This revelation undermines baby al’s contention that the Wilpon clan was in some sort of a conspiratorial relationship with Bernie Madoff. But Bernie said otherwise, so I believe it, as we all should. Doesn’t Bernie make a wonderful character witness in the high stakes money game being played out with trustee Irving Picard?
Your move, baby al.
Well that was fast. Des you are the # 1 MET kool aode drinker in the whole world. Didn’t take a minute to accept BERNIE MADOFF AT HIS WORD. Can I sell you some wonderful land in the Sahara. How a bout a bridge to Brooklyn.
Harry c., I think you may be mistaking me for someone else. I quoted a NY Times story about what Madoff allegedly said. Then I facetiously did a character testimonial to Uncle Bernie with the statements, “… Bernie said otherwise, so I believe it, as we all should. Doesn’t Bernie make a wonderful character witness…?”
I think Harry C. is missing the between-the-lines ribbing I made of Uncle Bernie. Do I need a bulldozer to clear the trees so Harry C. can see the woods?
Brooklyn Bridge? No thanks on that sale.
Harry, what’s your basis for accepting the veracity of a NY vulture like Picard who’s own pockets will be lined by a % of whtever he successfully claims; however Maidoff doesn’t have anything to gain or lose; but because he habitually lied to make money, he must also be lyuing with no money at stake whatsoever? Now. who’s got the personal act to grind? on one side you have the statement of provable facts by a known liar on the other is the assertions, guesess, suspicions & allegations of someone who stands to make millions for his time if he’s believed. Where should the benefit of the doubt go?
Thank God this is being decided by a Judge not a jury.
Hilarious!! Can’t wait for all the hypnotized kool aide drinkers to say what a reliable source Madoff is. Oh the jury will so believe Bernie Madoff. What a character witness. LOL. If baseball has a real commissioner the heat would be on the SELL SELL SELL!
Ya, Madoff’s credibility is tarnished to say the least, but what’s the proof to the contrary? What has Picard actually provided other than innuendo and personal incredulity?
The person to ask is baby al. LOL.
Harry Jury? no jury. Judge decides! Let’s all resurrect the 60s refrain of “here comes da Judge!” All together, now; “here comes…
I would like to know how many times you’ve used the words “kook aide drinkers”over the past 6 months.
You are a miserable SOB – can’t you find another activity to pollute?
It’s great to come to a site and debate, there’s plenty to debate, but you are incapable of debate, your opinion is the end all. When someone is so stubborn to realize that someone else may have another thought that makes actual sense you are too ignorant to follow it to realize that maybe that is something you didn’t think of.
seriously. can you believe anything madoff says ? ever ?
because he’s in jail he’s all of a sudden going to tell the whole truth to everyone ?
i’d like to believe what he said about the wilpons, but really there’s no good reason to.
Is he a credible witness? No! But he was at least there!
And the bottom line issue everyone who hates the WIlpons seems to skirt around is if the Wilpons ARE Guilty for not knowing it was a scam, SO TOO are the people suing them for not knowing it was a scam! Cause they should have known just as much as the Wilpons!
And then there is that whole federal agency tasked with sniffing out investment fraud that whiffed on this about 20 times.
I still contend that it is unfair to the Mets Organization and the team to have to tip toe around while Fred et al. try to wiggle out of this mess. They should sign the team over to a conservator and have all those with Wilpon/Katz connections stay away. Only then can the team concentrate on the job at hand.
Annie I know you to be a reasonable and fair poster so don’t take this as an indictment of what you said but more of a review.
Anyone can accuse but proof of guilt is much harder.
If you were the Wilpons and know you did nothing wrong, should you have to give up everything you own and put it in the hands of strangers until such time as those false allegations go away or are disproved?
If someone falsely accused you of abusing your child should you send your kids to an orphanage or be forced to put your child’s welfare into the hands of people who don’t really care about YOUR kids, Or send them to a foster home where they just care about the money they are going to make off you? All because the only thing you need to have to accuse is a voice?
Is the Wilpons having legal issue really an excuse for a player to not pay attention to the job at hand and performing?
I don’t want to defend the Wilpons I don’t know anything about what happened with them and Madoff. But I know if I were in their position and knew I was innocent I would want that protection of Innocent until proven guilty to apply and I will honor that when it is others in that situation…
I may not be very religious but “do unto others” regardless of your beliefs is a pretty good way to approach life don’t you think?
We should stay out of this unless called to testify and just leave them alone.
We fans are making more of this than should be and I am left to wonder why?
Even if Madoff had not occurred we would not have cliff lee pitching for us and even if we got a 2nd baseman in FA the truth of the matter is this season is going to be all about what Beltran does, not the GM not the Wilpons and not some judge in the Madoff case.
Putting the team in someone else’s control without a clear sale would lead to MORE uncertainty with the players than the Wilpons just playing it out.
The baseball field should operate independently from the courtroom.
And if it doesn’t the problem will be the Players not Madoff or the Wilpons!
and the more we talk bad about the Wilpons the harder it becomes for them to even get a fair trial!
We should just leave them alone and let the lawyers handle it.
And if the players get distracted by all that then you just identified the REAL REASON for their poor play lately.
They are not FOCUSED on the task at hand! And haven’t been since way before Madoff sprung up on the radar!
Obviously we all know that Madoff is one of the most proficient liars of all time. This statement appears to me as obfuscation. The Crook is trying to deflect heat away from his friends just as he tried to deflect it away from his family. The statement he made is not worth a pile of beans. We do not know the truth, and the Wilpons may or may not have known the truth about the Crook and his “investments”. But one thing is certain, we should not buy in to anything that Madoff has to say about it. It appears to me that he is trying to deflect the heat away from his friends and onto the big banks. In any event, I don’t ascribe any credence to anything he says.
you are correct.
Mask, there u go again vomiting your invective all over my screen; however you actually did pose a verty accuerate cohesive thought you deserve commendation for. As I wish to proclaim my admiration for your cohesive & comprehensive thought process before every MMO participant I’ll copt your most poignant stastement here:
“……………We do not know the truth…………………….”
Be that as it may mask, perhaps you can explain exactly what logic you are employing to
create your negative jusgements towards the Wilpons in this matter?
If Bernie told u the stove was HOT are u risking first degree burns?
Obviously u lie each time u portray tourself as openminded on this issue, yet believe we should ALL believe u, Well? I’ve missed our duels as u are certainly a challenging advusary. en guarde!