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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Mucky Tundra (1h) : Rude!
beast (2h) : Martha? 😋
Zero2Cool (5h) : Raiders hired someone from the elderly home.
dfosterf (8h) : I'm going with a combination of the two.
beast (9h) : Either the Cowboys have no idea what they're doing, or they're targeting their former OC, currently the Eagles OC
Zero2Cool (23-Jan) : Fake news. Cowboys say no
Zero2Cool (23-Jan) : Mystery candidate in the Cowboys head coaching search believed to be Packers ST Coordinator Rich Bisaccia.
beast (23-Jan) : Also why do both NYC teams have absolutely horrible OL for over a decade?
beast (23-Jan) : I wonder why the Jets always hire defensive coaches to be head coach
Zero2Cool (22-Jan) : Still HC positions available out there. I wonder if Hafley pops up for one
Zero2Cool (22-Jan) : Trent Baalke is out as the Jaguars GM.
dfosterf (22-Jan) : Jeff Hafley would have been a better choice, fortunately they don't know that. Someone will figure that out next off season
Zero2Cool (22-Jan) : Aaron Glenn Planning To Take Jets HC Job
dfosterf (22-Jan) : Martha- C'est mon boulot! 😁
Zero2Cool (22-Jan) : Thank you
wpr (22-Jan) : Z, glad you are feeling better.
wpr (22-Jan) : My son and D-I-L work for UM. It's a way to pick on them.
Zero2Cool (22-Jan) : Thank you. I rarely get sick, and even more rarely sick to the point I can't work.
wpr (22-Jan) : Beast- back to yesterday, I CAN say OSU your have been Michigan IF the odds of making the playoffs were more urgent.
dfosterf (22-Jan) : Glad to hear you are feeling a bit better.
Zero2Cool (22-Jan) : I've been near death ill last several days, finally feel less dead and site issues.
Zero2Cool (22-Jan) : It is a big deal. This host is having issues. It's frustrating.
Martha Careful (22-Jan) : just kidding...it was down
Martha Careful (22-Jan) : you were blocked yesterday, due to a a recalcitrant demeanor yesterday in the penalty box for a recalcitrant demeanor
dfosterf (22-Jan) : Was that site shutdown on your end or mine? No big deal, just curious
beast (21-Jan) : That way teams like Indiana and SMU don't make the conference championships by simply avoiding all the other good teams in their own confere
beast (21-Jan) : Also, with these "Super Conferences" instead of a single conference champion, have 4 teams make a Conference playoffs.
beast (21-Jan) : Also in college football, is a bye week a good or bad thing?
Martha Careful (21-Jan) : The tournament format was fine. Seeding could use some work.
beast (21-Jan) : You can't assume Ohio State would of won the Michigan game...
beast (21-Jan) : Rankings were 1) Oregon 2) Georgia 3) Texas 4) Penn State 5) Notre Dame 6) Ohio State, none of the rest mattered
wpr (21-Jan) : Texas, ND and OSU would have been fighting for the final 2 slots.
wpr (21-Jan) : Oregon and Georgia were locks. Without the luxury of extra playoff berths, Ohios St would have been more focused on Michigan game.
wpr (21-Jan) : Zero, no. If there were only 4 teams Ohio State would have been one of them. Boise St and ASU would not have been selected.
Zero2Cool (21-Jan) : So that was 7 vs 8, that means in BCS they never would made it?
Martha Careful (21-Jan) : A great game. Give ND credit for coming back, although I am please with the outcome.
Mucky Tundra (21-Jan) : FG to make it academic
Mucky Tundra (21-Jan) : and there's the dagger
Mucky Tundra (21-Jan) : ooooo 8 point game with 4 minutes to go!
Mucky Tundra (21-Jan) : ooooooooohhhhhh he missed!
Mucky Tundra (21-Jan) : Ooooo that completion makes things VERY interesting
Mucky Tundra (21-Jan) : Game not over yet
beast (21-Jan) : Oh yeah, Georgia starting quarterback season ending elbow injury
beast (21-Jan) : Sadly something happened to Georgia... they should be playing in this game against Ohio State
beast (21-Jan) : I thought Ohio State and Texas were both better than Notre Dame & Penn State
Mucky Tundra (21-Jan) : Notre Lame getting rolled
Martha Careful (21-Jan) : Ohio State just got punched in the gut. Lets see how they respond
Mucky Tundra (21-Jan) : Notre Lame vs the Luckeyes, bleh
Mucky Tundra (21-Jan) : Oh snap!!!
Zero2Cool (21-Jan) : Even Stevie Wonder can see that.
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