Jeff Wilpon
Encyclopedia
Jeffrey Scott Wilpon is the COO
of the New York Mets
baseball team and the executive vice-president of Sterling Equities. Jeff is the son of New York Mets principal owner Fred Wilpon
. Jeff and other Wilpon family members invested with Bernard Madoff
's ponzi scheme
that collapsed in 2008. Unlike many who lost their investments, it was revealed in the Madoff firms court case, In the Securities Investor Protection Corp. vs. Bernard L. Madoff Investment Securities LLC, USBC SDNY No. 08-01789 that the family partnership run by Wilpon made $48 Million dollars in their dealings with the firm.
He also is a member of the board of directors for the Holocaust museum in Washington DC.
Chief operating officer
A Chief Operating Officer or Director of Operations can be one of the highest-ranking executives in an organization and comprises part of the "C-Suite"...
of the New York Mets
New York Mets
The New York Mets are a professional baseball team based in the borough of Queens in New York City, New York. They belong to Major League Baseball's National League East Division. One of baseball's first expansion teams, the Mets were founded in 1962 to replace New York's departed National League...
baseball team and the executive vice-president of Sterling Equities. Jeff is the son of New York Mets principal owner Fred Wilpon
Fred Wilpon
Fred Wilpon is a real estate developer, baseball executive and the majority owner of the New York Mets.-Biography:...
. Jeff and other Wilpon family members invested with Bernard Madoff
Bernard Madoff
Bernard Lawrence "Bernie" Madoff is a former American businessman, stockbroker, investment advisor, and financier. He is the former non-executive chairman of the NASDAQ stock market, and the admitted operator of a Ponzi scheme that is considered to be the largest financial fraud in U.S...
's ponzi scheme
Ponzi scheme
A Ponzi scheme is a fraudulent investment operation that pays returns to its investors from their own money or the money paid by subsequent investors, rather than from any actual profit earned by the individual or organization running the operation...
that collapsed in 2008. Unlike many who lost their investments, it was revealed in the Madoff firms court case, In the Securities Investor Protection Corp. vs. Bernard L. Madoff Investment Securities LLC, USBC SDNY No. 08-01789 that the family partnership run by Wilpon made $48 Million dollars in their dealings with the firm.
He also is a member of the board of directors for the Holocaust museum in Washington DC.