Wilpon's Folly

On December 11, 2008, in the middle of a busy baseball offseason, Bernard Madoff was arrested for orchestrating a massive financial fraud. Among his chief investors was Mets owner Fred Wilpon, who not only lost a major revenue stream as a result, but is now being sued for "fictitious profits" that he now owes to other Madoff victims. To the tune of almost a billion dollars.

How did this happen? Whe...