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Offline Pack93z  
#1 Posted : Tuesday, September 24, 2013 11:38:34 AM(UTC)
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PackersHome NFL Pick'em - Bronze: 2012

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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...
Offline Pack93z  
#2 Posted : Tuesday, September 24, 2013 11:40:51 AM(UTC)
Rank: Select Member

PackersHome NFL Pick'em - Bronze: 2012

United States
Joined: 3/16/2007(UTC)
Location: North Central Wisconsin
Applause Given: 435
Applause Received: 1,202
One of the judges statements:


Quote:
"I do not believe I have seen one single financial statement that is true and accurate."
Offline Pack93z  
#3 Posted : Tuesday, September 24, 2013 11:43:51 AM(UTC)
Rank: Select Member

PackersHome NFL Pick'em - Bronze: 2012

United States
Joined: 3/16/2007(UTC)
Location: North Central Wisconsin
Applause Given: 435
Applause Received: 1,202
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.
Offline Cheesey  
#4 Posted : Thursday, September 26, 2013 12:29:25 PM(UTC)
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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]
thanks Post received 4 applause.
hardrocker950 on 9/26/2013(UTC), Pack93z on 9/26/2013(UTC), SINCITYCHEEZE on 9/26/2013(UTC), Porforis on 10/10/2013(UTC)
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Zero2Cool (29-Jul): NFL just needs more rules and intrusive Judging and Jury and Sentencing and it'll be w!n!
wpr (29-Jul): I understand Pack93z. Unfortunately the good ol days are gone.
Zero2Cool (29-Jul): Bahahaha
Zero2Cool (29-Jul): It's hard for me to get amped when I'm so much more wise than the others here. *sigh*
Pack93z (29-Jul): football is still in my blood... just not the current NFL product.
Pack93z (29-Jul): Trying to get into TC mode and get amped for the season... alas, it just isn't the same passion I once had for the NFL product.. football is
Zero2Cool (28-Jul): I have a habit of hitting tab then space bar lol
Pack93z (28-Jul): .... and yes, that was a retyped message cause the user hit the enter key.. lol
Pack93z (28-Jul): It really isn't that big of a deal, more of a user problem that can't remember to stop and click in place of hitting a key... and yes, this
Zero2Cool (28-Jul): And it also won't do a full page refresh either.
Zero2Cool (28-Jul): I have to toss in an UpdatePanel and dedicate Enter to it for submission, then it will work.
Zero2Cool (28-Jul): nerdmann went bonkers with creating topics so we had to slow him down a tad lol
Pack93z (28-Jul): If I gotta field questions all week from this user base at work... going to share the "love".
Pack93z (28-Jul): There... that should miff Zero for a couple of seconds... ;)
Pack93z (28-Jul): Also.. when posting in the fan shout... why can't I hit the enter key to post a message?
Pack93z (28-Jul): What is this 5 minute wait cycle to create articles from the headlines... can't I spam them like hotcakes?
Mucky Tundra (27-Jul): haha
Zero2Cool (27-Jul): Crap, another meeting! Ugh!
Zero2Cool (27-Jul): Check in already! We waiting on YOU!!!
Pack93z (27-Jul): YES :)
Pack93z (27-Jul): --- KEVIN ----
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Cheesey (25-Jul): Me neither. He did virtually nothing after he left the Packers.
Zero2Cool (25-Jul): WR Greg Jennings retires. I think I should be surprised, but I'm not.
Cheesey (23-Jul): It's sad, he was young.
wpr (22-Jul): Sorry to hear about Dennis passing away.
Zero2Cool (22-Jul): Hopefully people respect his passing without trying to make jokes.
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