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
Zero2Cool (28-May) : LETS GO PENGUINS!!
buckeyepackfan (26-May) : Cavs!!!!!
Cheesey (26-May) : POLAR BEARS!!!!???lol!
Zero2Cool (26-May) : PENGUINS!!!!
Zero2Cool (24-May) : Sad about Cortez Kennedy. I remember playing him in Tecmo (beast!)
Cheesey (23-May) : RIP Cortez Kennedy
Smokey (23-May) : R.I.P.Sir Rodger (007) Moore .
Smokey (23-May) : Try Fish
Porforis (22-May) : Chicken 4 dayz!
gbguy20 (22-May) : Agreed
Smokey (21-May) : Yes, I like Chick-fil-a .
Smokey (21-May) : Rabid Chicken ? LOL
rabidgopher04 (21-May) : Chick fil a
Zero2Cool (20-May) : Penguins & Bad Guys Tied 2 apiece! LETS GO PENS!
Smokey (20-May) : Who sells the best Chicken Sandwich ? Wendy, the King, McD, etc. ?
Smokey (20-May) : Just Visiting ? Join and post today !
Zero2Cool (18-May) : Screw you. (signed Pens fan)
TheKanataThrilla (18-May) : Go Sens!!! Will be in the crowd for the Friday game.
Smokey (18-May) : E.Lacy makes weight in Seattle by 2 lbs. (253 lbs.)
buckeyepackfan (17-May) : Blount signs 1 year deal with Eagles.
DarkaneRules (14-May) : and still! Miocic & Jedrzejczyk
Zero2Cool (13-May) : RP ... you mean Go Pens ... I fix for you.
RaiderPride (13-May) : Gotta Love P.K. T.K.T. I agree.. Go Preds.
Smokey (12-May) : CB Kevin King signs 4 yr deal, no 5th year option .
TheKanataThrilla (12-May) : Go Nashville in the West
TheKanataThrilla (12-May) : My son is wearing his Mario Lemieux Pens shirt and my daughter is wearing he Sens shirt. We win no matter what.
Zero2Cool (11-May) : Aaron Nagler:Packers announce first training camp practice to be held Thursday, July 27
Zero2Cool (11-May) : Capitals are dirty weak trash.
Zero2Cool (11-May) : NHL is great! PENGUINS!!!!
yooperfan (10-May) : Screw the NBA and the NHL, neither are worth watching!
wpr (10-May) : hahaha. Poor Bettman. Worth the price to see it.
TheKanataThrilla (10-May) : Bettman would blow a gasket if it was an all-Canadian finals. I want Nashville as I am a huge Mike Fisher fan.
Smokey (10-May) : Cheap Shot ? I think not .
wpr (10-May) : Thrilla how about an all Canada Finals?
TheKanataThrilla (10-May) : Pens tomorrow. Screw you Caps for the cheap shot on Crosby.
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
Saturday, Dec 23 @ 7:30 PM
VIKINGS
Sunday, Dec 31 @ 12:00 PM
at Lions
Saturday, Dec 17 @ 12:00 PM
at Panthers
Think About It
Think About It
Recent Topics
20h / Green Bay Packers Talk / beast

20h / Green Bay Packers Talk / nerdmann

28-May / Green Bay Packers Talk / Porforis

26-May / Green Bay Packers Talk / beast

25-May / Fantasy Sports Talk / Smokey

25-May / Around The NFL / Cheesey

25-May / Green Bay Packers Talk / wpr

23-May / Green Bay Packers Talk / Smokey

22-May / Green Bay Packers Talk / nerdmann

22-May / Green Bay Packers Talk / Smokey

21-May / Packers Draft Threads / Smokey

20-May / Green Bay Packers Talk / Smokey

19-May / Green Bay Packers Talk / sschind

19-May / Green Bay Packers Talk / sschind

18-May / Green Bay Packers Talk / Smokey

Headlines