The Mets Ownership Deserves Their Defamation to Stop
Apparently in America, you are innocent until proven guilty unless you own the New York Mets.
This week on NY area sports radio stations, some ratings-hungry hosts have participated in rank speculation that the Fred and Jeff Wilpon either are too sophisticated to not have known that Bernie Madoff was a crook or that Wilpon's simply have a "pension" for being involved with Ponzi schemes.
If the Wilpons are so knowledgeable about stock trading then how is it possible that Madoff's other victims include major banks, capital advisers, universities, the Olympics, and countless other financial "geniuses?" How come all of these other financial companies, many of which had fiduciary responsibilities to their shareholders, are spared from incrimination when the Wilpons are not?
The Wilpons, likewise, are certainly not the only entity that the bankruptcy trustee is seeking to recover money from in this case. You see that also include banks like UBS and JPMorgan Chase.
There is more than enough evidence that the Wilpons could have done a better job running the Mets over the last few years, but there is no known evidence that the Mets ownership willingly participated in Madoff's despicable plan.
Before the talking heads of talk radio convict the Mets ownership of wrongdoing, let's actually hear the true facts of their provable guilt.
My name is Christopher Fusco. I am the managing partner of Callahan & Fusco, LLC with offices in New York, New Jersey, and Pennsylvania.