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]
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beast (22h) : Seems like he was just pissed because he was no longer the starter
beast (22h) : Campbell is right, he's rich and he doesn't have to explain sh!t... but that attitude gives teams reasons to never sign him again.
dfosterf (22-Feb) : I have some doubt about all that
dfosterf (22-Feb) : I read De'Vondre Campbell's tweet this morning (via the New York Post) Florio says that if he invested his earnings wisely, he will be good
beast (20-Feb) : I haven't followed, but I believe he's good when healthy, just hasn't been able to stay healthy.
dfosterf (20-Feb) : Hasn"t Bosa missed more games than he has played in the last 3 years?
Mucky Tundra (19-Feb) : He hasn't been too bad when healthy but I don't feel like I ever heard much about when he is
Zero2Cool (19-Feb) : Felt like he was more interested in his body, than football. He flashed more than I expected
Zero2Cool (19-Feb) : When he was coming out, I thought he'd be flash in pan.
Mucky Tundra (19-Feb) : Joey seems so forgettable compared to his brother for some reason
Zero2Cool (19-Feb) : NFL informed teams today that the 2025 salary cap will be roughly $277.5M-$281.5M
Zero2Cool (19-Feb) : Los Angeles Chargers are likely to release DE Joey Bosa this off-season as a cap casualty, per league source.
Zero2Cool (18-Feb) : If the exploit is not fixed, we'll see tons of "50 top free agents, 50 perfect NFL team fits: We picked where each should sign in March" lo
Zero2Cool (18-Feb) : Issue should be solved, database cleaned and held strong working / meeting. Boom!
Zero2Cool (18-Feb) : It should be halted now.
Mucky Tundra (18-Feb) : usually spambots are trying to get traffic to shady websites filled with spyware; the two links being spammed were to the Packers website
Mucky Tundra (18-Feb) : you know when you put it that way combined with the links it was spamming (to the official Packers website)
Zero2Cool (18-Feb) : Yep. You can do that with holding down ENTER on a command in Console of browser
Mucky Tundra (18-Feb) : even with the rapid fire posts?
Zero2Cool (18-Feb) : I'm not certain it's a bot.
Mucky Tundra (18-Feb) : I've got to go to work soon which is a pity because I'm enthralled by this battle between the bot and Zero
Zero2Cool (18-Feb) : Yeah, I see what that did. Kind of funny.
Mucky Tundra (18-Feb) : now it's a link to Wes Hodkiezwicz mailbag
Mucky Tundra (18-Feb) : Now they're back with another topic
Mucky Tundra (18-Feb) : oh lol
Zero2Cool (18-Feb) : I have a script that purges them now.
Zero2Cool (18-Feb) : 118 Topics with Message.
Mucky Tundra (18-Feb) : what's 118 (besides a number)?
Zero2Cool (18-Feb) : They got 118 slapped in there.
Mucky Tundra (18-Feb) : that's why it confused the hell out of me
Zero2Cool (18-Feb) : Yeah, but this is taking a headline and slapping it into the Packers Talk
Mucky Tundra (18-Feb) : Wasnt there a time guests could post in the help forum?
Zero2Cool (18-Feb) : lol good question, kind of impressed!
Mucky Tundra (18-Feb) : So how is a guest posting?
Mucky Tundra (18-Feb) : Tell them its an emergency
Zero2Cool (18-Feb) : Working. Meetings.
Mucky Tundra (18-Feb) : Lots of fun; the spam goes back 4 or 5 pages by this point
Mucky Tundra (18-Feb) : I thought you'd look for yourself and put 2 and 2 together lol. I overestimated ya ;)
Mucky Tundra (18-Feb) : I thought Guests couldnt post?
Zero2Cool (18-Feb) : And gosh that's gonna be fun to clean up! hahaa
Zero2Cool (18-Feb) : Oh. Why not just say that then? Geez.
Mucky Tundra (18-Feb) : check the main forum, seems a spam bot is running amok
Zero2Cool (18-Feb) : What?
Mucky Tundra (18-Feb) : Is the Packers online game "Packers Predict" now available for 2024? I can't tell
Zero2Cool (17-Feb) : Bengals planning to Franchise Tag Tamaurice Higgins
Zero2Cool (14-Feb) : Packers are hiring Luke Getsy as senior offensive assistant.
Martha Careful (12-Feb) : I would love to have them both, esp. Crosby, but either might be too expensive.
Zero2Cool (12-Feb) : Keisean Nixon is trying to get Maxx Crosby and Davante Adams lol
Mucky Tundra (11-Feb) : Yeah where did it go?
packerfanoutwest (11-Feb) : or did you resctrict access to that topic?
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