Mets Owner Fred Wilpon Talks Madoff Betrayal

NEW YORK (WCBS 880) – In his most expansive comments on the subject, the Mets owner talks about being ripped off by Ponzi schemer Bernard Madoff.

LISTEN: WCBS 880’s Peter Haskell reports

It’s been nearly two years since Madoff’s scheme unravelled and Fred Wilpon still sounds stunned.

“That was a total betrayal of us. We were investors for something like 25 years,” Wilpon told WCBS 880 reporter Peter Haskell.

Wilpon also said, “You don’t like to lose money that is just stolen from you, but the betrayal is something I’ll never ever forget. I’ll go to my grave in that one.”

While the loss hurts, Wilpon insists he is not broke.

Now, despite what some fans might say, there is no indication he’s scrimping.

Wilpon says, “We’ve set a budget. We’ve always gone over the budget.”

The Mets had the fifth highest payroll in baseball this year at $136-million.

More from Peter Haskell
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    […] While Picard claims the Wilpons and Katz were net winners from their Madoff investments and ignored warnings that Madoff’s high returns might be false, Wilpon said they are victims in the scheme. […]

  • Bernard Madoff Tells NY Times: Fred Wilpon, Saul Katz, New York Mets 'Knew Nothing' Of Ponzi SchemeCBS New York

    […] the Wilpons claim they were victims who lost money in the Madoff swindle, Irving Picard says they should have heeded warnings that Madoff’s claimed profits were too […]

  • Ex-Governor Of New York, Mario Cuomo, To Mediate Wilpons-Mets' Bernie Madoff MessCBS New York

    […] The Wilpons and Katz have denied wrongdoing, saying they are among Madoff’s victims. […]

  • Report: Martin Luther King III Interested In Buying A Part Of The New York MetsCBS New York

    […] READ MORE: Mets Owner Fred Wilpon Talks Madoff Betrayal […]

  • Wilpons: Mets To Explore Partial Sale Of Team « CBS New York

    […] NEW YORK (WFAN/AP) — The New York Mets are exploring a partial sale of the team as they face a lawsuit from a trustee trying to reclaim money for victims of the Bernard Madoff swindle. […]

  • Vic from Brooklyn

    yui, stop you’re lying, we all know you don’t work at Citi Field, show us your credentials. I say that because the Mets payroll is close to $140 mil a year, also where have you been the last 24 yrs? Mets haven’t won since 1986 and you say the Mets NOW are going to implement a way to assure a World Series win, Get lost you BUM!!!!!.

  • yui

    Many fans are idiots. You guys talk about how to spend money like its free. Do people really think that most owners in baseball don’t want to win?

    Most of the time the players teams get everyone is on the same page and then when it doesn’t work out people like you cry like babies and scream betrayal and hurt!

    How about you try owning a team and lets see how you spend 125 million dollars. some of you fans make me sick already.

    i’m an employee at Citi Field and sick and tired of fans complaining like ownership doesn’t care. mr. wilpon wants to win as bad as the Steinbrenner family does and i assure you it will take two more years and you will see great things. the ideas coming in are already being implemented.

  • Gail

    Wilpon talks about betrayal and how the loss hurts. Now he know how we Mets fans feel….HURT AND BETRAYED!!!!

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