Join Our Green Bay Packers Interactive Community!

We have been providing fans with the best source of Packers information since 2006!
Your participation is greatly anticipated!
Login or Register.
Options
View
Go to last post Go to first unread
Offline Pack93z  
#1 Posted : Tuesday, September 24, 2013 11:38:34 AM(UTC)
Pack93z

Rank: Hall of Famer

PackersHome NFL Pick'em - Bronze: 2012

United States
Joined: 3/16/2007(UTC)
Location: North Central Wisconsin

Applause Given: 391
Applause Received: 1,062

I am sure that this is just a misunderstanding.. lol.

DeadSpin wrote:
The owners of the Minnesota Vikings were ordered to pay nearly $85 million in damages to former business partners they defrauded with "evil motive", and will face a criminal investigation into their actions, which a judge declared violated racketeering laws. There's a chance this ruling could hold up plans for a new Vikings stadium.

Zygi Wilf, the majority owner of the team, and his brother Mark and cousin Leonard were found liable for fraud, breach of contract, and breach of fiduciary duty, for their roles in scamming former partners out of the profits of a New Jersey apartment complex. The Wilfs withheld revenues and charged unauthorized fees and interest payments for decades. "Organized crime-type activities," the judge called them, finding they violated the state's RICO act.

"Zygi and his father decided...that the Reichmanns had gotten too good a deal," Superior Court Judge Deanne Wilson declared. "And so they were just simply not going to honor it."

Yesterday, the judge ruled on damages. The Wilfs must pay a whopping $84.5 million, including $36.8 million in punitive damages. Under New Jersey law, the case will now be sent to the county prosecutor and state attorney general for a criminal investigation.

More...
I think when there's enough will and aggression, there's no shortage of talent either.

UserPostedImage
Sponsor
Offline Pack93z  
#2 Posted : Tuesday, September 24, 2013 11:40:51 AM(UTC)
Pack93z

Rank: Hall of Famer

PackersHome NFL Pick'em - Bronze: 2012

United States
Joined: 3/16/2007(UTC)
Location: North Central Wisconsin

Applause Given: 391
Applause Received: 1,062

One of the judges statements:


Quote:
"I do not believe I have seen one single financial statement that is true and accurate."
I think when there's enough will and aggression, there's no shortage of talent either.

UserPostedImage
Offline Pack93z  
#3 Posted : Tuesday, September 24, 2013 11:43:51 AM(UTC)
Pack93z

Rank: Hall of Famer

PackersHome NFL Pick'em - Bronze: 2012

United States
Joined: 3/16/2007(UTC)
Location: North Central Wisconsin

Applause Given: 391
Applause Received: 1,062

More... I kinda feel for the true purple Viking fans.. they seem to get the shaft over and over.

Quote:
Even if the Wilfs are good for it, it's bad news for a stadium deal that went sour almost immediately. Minnesota promised taxpayers wouldn't feel the brunt of the state's contributions because they would come from the proceeds of electronic gambling machines, which were projected to haul in $35 million over the first year. They earned the state $0, and some politicians are demanding an investigation.


Here is a segment of that article on the would be investigation...

Quote:

A state senator and ardent critic of the public financing plan for the new Vikings stadium wants Minnesota lawmakers to investigate failed revenue projections for the project.

The state's $348 million piece of the $975 million stadium project in downtown Minneapolis was to be driven by increased tax revenue from the new, electronic forms of pull-tabs and bingo. Current projections show the electronic games will bring in $1.7 million by the end of 2013 -- just 5 percent of the original estimates.

Sen. Sean Nienow, R-Cambridge, wrote a letter to Sen. Dick Cohen, DFL-St. Paul, the chairman of the Senate Finance Committee, asking for hearings on the matter.

"I was skeptical from the beginning on Governor Dayton's estimates of money that would be generated from electronic pull-tabs. Now we're seeing his estimates are completely off, not even remotely close," Nienow wrote.

The stadium financing package was passed last year with bipartisan support. Republicans were in control of both the House and the Senate at the time, and DFL Gov. Mark Dayton signed it into law.
I think when there's enough will and aggression, there's no shortage of talent either.

UserPostedImage
Offline Cheesey  
#4 Posted : Thursday, September 26, 2013 12:29:25 PM(UTC)
Cheesey

Rank: Most Valuable Player

Joined: 7/28/2008(UTC)

Applause Given: 178
Applause Received: 397

This in from "Cheesey News".........

"The Wilfs, in an attempt to end the conflict with their ex-business partners, agreed to give complete ownership of the Minnesota Vikings to the ex-partners.
The ex-partners said "NO WAY!!!! We want something of VALUE!"
Big Grin
UserPostedImage
thanks Post received 4 applause.
hardrocker950 on 9/26/2013(UTC), Pack93z on 9/26/2013(UTC), SINCITYCHEEZE on 9/26/2013(UTC), Porforis on 10/10/2013(UTC)
 
Users browsing this topic
Guest
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Powered by YAF.NET | YAF.NET © 2003-2014, Yet Another Forum.NET
This page was generated in 0.101 seconds.

Notification

Icon
Error

Tweeter

Recent Topics
21m / Random Babble / wpr

55m / Green Bay Packers Talk / Pack93z

1h / Green Bay Packers Talk / Zero2Cool

1h / Random Babble / Zero2Cool

2h / Green Bay Packers Talk / nerdmann

3h / Green Bay Packers Talk / AbbaGav

3h / Green Bay Packers Talk / yooperfan

7h / Green Bay Packers Talk / hardrocker950

10h / Green Bay Packers Talk / dfosterf

10h / Random Babble / Smokey

11h / Green Bay Packers Talk / macbob

13h / Green Bay Packers Talk / nerdmann

13h / Green Bay Packers Talk / Smokey

14h / Random Babble / Gilligan

16h / Green Bay Packers Talk / Cheesey


Copyright © 2006-2014 PackersHome.com™. All Rights Reserved.