Discussion Board
Welcome Guest! You can login or register. Login or Register.

Options
Go to last post Go to first unread
Pack93z  
#1 Posted : Tuesday, September 24, 2013 11:38:34 AM(UTC)
I am sure that this is just a misunderstanding.. lol.

DeadSpin said:
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...
Pack93z  
#2 Posted : Tuesday, September 24, 2013 11:40:51 AM(UTC)
One of the judges statements:


Quote:
"I do not believe I have seen one single financial statement that is true and accurate."
Pack93z  
#3 Posted : Tuesday, September 24, 2013 11:43:51 AM(UTC)
More... I kinda feel for the true purple Viking fans.. they seem to get the shaft over and over.

Quote:
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...

Quote:

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.
Cheesey  
#4 Posted : Thursday, September 26, 2013 12:29:25 PM(UTC)
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]
Rss Feed
Users browsing this topic
Guest
Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Notification

Icon
Error

Fan Shout
wpr (4m) : A few have it already. Most have to save it to do things.
wpr (6m) : Yes Smokey, life takes money to do anything.
Smokey (3h) : IF THEY HAVE THE MONEY !
wpr (5h) : It is a must for everyone.
Zero2Cool (14h) : I gotta hit that place sometime. Red Sox fan. Hell as a Baseball fan you gotta see Fenway.
wpr (23h) : Flew into Boston today. Took in a game at Fenway with my son.
Smokey (15-Aug) : JOIN PACKERSHOME , A GREAT PLACE TO POST !
beast (12-Aug) : Fairly good news on all the injuries other than having the concussions, but glad it wasn't worse.
buckeyepackfan (11-Aug) : stupid Zeke!!!
Zero2Cool (11-Aug) : De'Angelo Yancey said when he saw Malachi Dupre this afternoon "it was like he never even got hit."
DarkaneRules (11-Aug) : Trubisky lit it up last night. he was throwing darts, especially on the run. impressive
DarkaneRules (11-Aug) : evans had a good game otherwise but refs were rusty
DarkaneRules (11-Aug) : wish there wasn't such an obvious block in the back on the punt td
Tezzy (10-Aug) : Go Pack Go!
buckeyepackfan (10-Aug) : Will The Rivers run deep tonight? Only time will tell!?
Smokey (9-Aug) : GB vs Philly , "Chat" will be "Open" .
Porforis (9-Aug) : Shh... Kids these days like cookies...
Smokey (9-Aug) : and Polls !
Porforis (8-Aug) : We have cookies.
Smokey (7-Aug) : COME JOIN OUR FORUM !
Smokey (7-Aug) : JOIN NOW , JOIN TODAY !
Zero2Cool (7-Aug) : Davon House sits out of the Packers’ Monday practice with a hamstring injury
DarkaneRules (7-Aug) : House not in pads today. Hope to hear "we're just being cautious with him" later
Cheesey (7-Aug) : Good time to get th FG misses in, when it doesn't count.
Smokey (6-Aug) : M. Crosby , will be ok
DarkaneRules (6-Aug) : 6 missed field goals. that will be your headline because media
Smokey (6-Aug) : now I have
Smokey (6-Aug) : Have not seen Jamal Williams (RB) .
DarkaneRules (6-Aug) : it's not a game but this punter looks legit
Smokey (6-Aug) : yes
DarkaneRules (6-Aug) : http://www.tmj4.com/sports/green-bay-packers/green-bay-packers-family-night-2017
Smokey (6-Aug) : yes it sucks
DarkaneRules (6-Aug) : still waiting for something to show up on the stream
Smokey (5-Aug) : NBC26.com , will be streaming Family Night !
Smokey (5-Aug) : Visitors R Welcome , New Members R Very Welcome !
Please sign in to use Fan Shout
2017 Packers Schedule
Sunday, Sep 10 @ 3:25 PM
SEAHAWKS
Sunday, Sep 17 @ 7:30 PM
at Falcons
Sunday, Sep 24 @ 3:25 PM
BENGALS
Thursday, Sep 28 @ 7:25 PM
BEARS
Sunday, Oct 8 @ 3:25 PM
at Cowboys
Sunday, Oct 15 @ 12:00 PM
at Vikings
Sunday, Oct 22 @ 12:00 PM
SAINTS
Sunday, Oct 29 @ 12:00 AM
- BYE -
Monday, Nov 6 @ 7:30 PM
LIONS
Sunday, Nov 12 @ 12:00 PM
at Bears
Sunday, Nov 19 @ 12:00 PM
RAVENS
Sunday, Nov 26 @ 7:30 PM
at Steelers
Sunday, Dec 3 @ 12:00 PM
BUCCANEERS
Sunday, Dec 10 @ 12:00 PM
at Browns
Sunday, Dec 17 @ 12:00 PM
at Panthers
Saturday, Dec 23 @ 7:30 PM
VIKINGS
Sunday, Dec 31 @ 12:00 PM
at Lions
Think About It
Think About It
Recent Topics
1h / Green Bay Packers Talk / beast

1h / Green Bay Packers Talk / nerdmann

2h / Green Bay Packers Talk / gbguy20

3h / Green Bay Packers Talk / uffda udfa

12h / Green Bay Packers Talk / DarkaneRules

13h / Green Bay Packers Talk / Zero2Cool

22h / Green Bay Packers Talk / beast

15-Aug / Green Bay Packers Talk / yooperfan

15-Aug / Green Bay Packers Talk / wpr

13-Aug / Green Bay Packers Talk / rabidgopher04

13-Aug / Green Bay Packers Talk / steveishere

11-Aug / Green Bay Packers Talk / wpr

10-Aug / Green Bay Packers Talk / DarkaneRules

10-Aug / Green Bay Packers Talk / Zero2Cool

10-Aug / Green Bay Packers Talk / DarkaneRules

Headlines