Pack93z
  • Pack93z
  • Select Member Topic Starter
11 years ago
I am sure that this is just a misunderstanding.. lol.

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... 

DeadSpin  wrote:


"The oranges are dry; the apples are mealy; and the papayas... I don't know what's going on with the papayas!"
Pack93z
  • Pack93z
  • Select Member Topic Starter
11 years ago
One of the judges statements:


"I do not believe I have seen one single financial statement that is true and accurate."


"The oranges are dry; the apples are mealy; and the papayas... I don't know what's going on with the papayas!"
Pack93z
  • Pack93z
  • Select Member Topic Starter
11 years ago
More... I kinda feel for the true purple Viking fans.. they seem to get the shaft over and over.

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...


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.


"The oranges are dry; the apples are mealy; and the papayas... I don't know what's going on with the papayas!"
Cheesey
11 years ago
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!"
[grin1]
UserPostedImage
Fan Shout
dfosterf (3m) : I never thought I'd live long enough to call a pope a FIB, but here we are
Martha Careful (1h) : Chicago produces a pope before it produces a 4000 yard passing quarterback
wpr (2h) : HAHAHA Mucky Comment of the day.
Mucky Tundra (2h) : According to reports, Mel Kiper is furious that Sanders wasn't selected as the new Pope
Zero2Cool (4h) : Time taken to get picked:
Zero2Cool (4h) : New Pope: 2 days | Shedeur Sanders: 3 days
Zero2Cool (5h) : Collin Whitchurch @cowhitchurch · 1h Chicago got a pope before it got a QB to throw for 4,000 yards in a season.
Mucky Tundra (5h) : New Pope from Chicago; in other words, the city produced a Pope before a 4000 yard passer
beast (7-May) : My first name starts with R and my beer belly is quite voluptuous! Thank you for noticing 😏
Zero2Cool (7-May) : beast, you're just one R from being voluptuous.
Zero2Cool (7-May) : And now some Packers blogger is like Doubs to Steelers makes sense!!!!
Zero2Cool (7-May) : You saw me Tweet???
beast (7-May) : Supposedly Steelers will be trading WR George Pickens to the Cowboys for a 3rd and late round pick swap
Zero2Cool (5-May) : Ravens release Justin Tucker, err D. Watson Jr?
Zero2Cool (5-May) : Cardinals have signed TE Josiah Deguara.
Zero2Cool (5-May) : If I were to "Google" it, then I wouldn't read it in your words.
Martha Careful (5-May) : Yes, in the military S2’s work on IPB, PERCEC, PHYSEC and IO
dfosterf (4-May) : FYI civilian companies swipe the S2 designation from the military. S2 is the intelligence branch up to brigade level. G2 is division level.
dfosterf (4-May) : Google it. Make sure to tack NFL on it or you will get the military meaning
Zero2Cool (4-May) : S2?
beast (4-May) : Seems like the S2 has a love/hate relationship with professional scouts.
beast (4-May) : In theory, the S2 test how quickly a QBs brain can solve game like issues and how quickly they can do it.
dfosterf (4-May) : Are you gentlemen and at least one lady familiar with the S2 cognition
Zero2Cool (4-May) : Maybe there isn't an issue.
beast (4-May) : NFL really needs to fix their position labeling issue, but I don't think they care
Zero2Cool (1-May) : Packers did not activate the fifth-year options for linebacker Quay Walker, with the goal of signing him to a contract extension.
Zero2Cool (1-May) : Matthew Golden spoke with Randall Cobb before draft. Looked like chance encounter.
packerfanoutwest (1-May) : from a head left turn?
packerfanoutwest (1-May) : someone drunk?
Zero2Cool (1-May) : Unlikely.
dfosterf (30-Apr) : How long until Jeff Sperbeck's family sues John Elway ?
Zero2Cool (30-Apr) : Packers are exercising the fifth-year option on DT Devonte Wyatt, locking in a guaranteed $12.9M for the 2026 season.
beast (30-Apr) : Sounds like P Luke Elzinga has a rookie try out opportunity from the Titans
dfosterf (30-Apr) : Luke Elzinga Punter Oklahoma stil unsigned. Green Bay has been mentioned as good fit
beast (30-Apr) : The Packers re-signed three exclusive rights free agents WR Melton, P Whelan and RB Wilson.
Zero2Cool (29-Apr) : February 5, 2002 (age 23) ok no. packers.com is wrong
Zero2Cool (29-Apr) : Micah Robinson is only 19??
Zero2Cool (29-Apr) : 6 first rounders on Packers defense now
Zero2Cool (29-Apr) : LB Isaiah Simmons. Signed. Called it!!! Oh yeah!
Martha Careful (29-Apr) : ty bboystyle...fat fingers
bboystyle (29-Apr) : Tom*
Martha Careful (28-Apr) : RIP Packer Safety Tim Brown
beast (27-Apr) : Yeah, but also some of the wording suggestions Jax only pranked called the QB, not the others... and if he had an open spreadsheet & 3 calls
beast (27-Apr) : Thank goodness he's not leaving the Turtle in the Red Tide
Mucky Tundra (27-Apr) : Cowboys 1st round pick Tyler Booker will indeed be bringing his pet turtle to Dallas with him
Mucky Tundra (27-Apr) : that contained all prospects info and contact
Mucky Tundra (27-Apr) : beast, according the Falcons statement Jax came across it on an ipad. If I had to guess, probably an open spread sheet or something
Zero2Cool (27-Apr) : Simmons put up an emoji with cheese.
beast (27-Apr) : Not sure anyone is interested in Isaiah Simmons... Collin Oliver might of taken his potential slot
beast (27-Apr) : I'm going with Jax Ulbrich is not telling the whole truth... he accidentally came across it? Why would a defensive coordinator have a QB #?
Please sign in to use Fan Shout
2024 Packers Schedule
Friday, Sep 6 @ 7:15 PM
Eagles
Sunday, Sep 15 @ 12:00 PM
COLTS
Sunday, Sep 22 @ 12:00 PM
Titans
Sunday, Sep 29 @ 12:00 PM
VIKINGS
Sunday, Oct 6 @ 3:25 PM
Rams
Sunday, Oct 13 @ 12:00 PM
CARDINALS
Sunday, Oct 20 @ 12:00 PM
TEXANS
Sunday, Oct 27 @ 12:00 PM
Jaguars
Sunday, Nov 3 @ 3:25 PM
LIONS
Sunday, Nov 17 @ 12:00 PM
Bears
Sunday, Nov 24 @ 3:25 PM
49ERS
Thursday, Nov 28 @ 7:20 PM
DOLPHINS
Thursday, Dec 5 @ 7:15 PM
Lions
Sunday, Dec 15 @ 7:20 PM
Seahawks
Monday, Dec 23 @ 7:15 PM
SAINTS
Sunday, Dec 29 @ 3:25 PM
Vikings
Sunday, Jan 5 @ 12:00 PM
BEARS
Recent Topics
2h / Green Bay Packers Talk / greengold

3h / Green Bay Packers Talk / wpr

5h / Green Bay Packers Talk / wpr

6-May / Green Bay Packers Talk / wpr

6-May / Green Bay Packers Talk / wpr

6-May / Green Bay Packers Talk / wpr

6-May / Green Bay Packers Talk / wpr

6-May / Green Bay Packers Talk / wpr

5-May / Green Bay Packers Talk / Zero2Cool

5-May / Green Bay Packers Talk / beast

5-May / Green Bay Packers Talk / beast

4-May / Green Bay Packers Talk / Zero2Cool

3-May / Packers Draft Threads / Martha Careful

3-May / Green Bay Packers Talk / beast

3-May / Green Bay Packers Talk / beast

Headlines
Copyright © 2006 - 2025 PackersHome.com™. All Rights Reserved.