Scam Impacts the Mets

The impact of Bernie Madoff's Ponzi scheme is still being felt as the liquidator continues to search for assets. The latest victim has been found to be the New York Mets Baseball team.

As many former "investors" with Bernie Madoff are finding out is they may never recover the money they gave to the fictitious investment, they may also owe the liquidator any of the fictitious profits received as well.

According to a article on the Bloomberg website The New York Mets Baseball franchise could have to repay up to 383 million dollars, including "Profits" estimated are in the order of 83 million. The club used the funds to provide working capital, insurance and compensation.

Unfortunately this could also ruin the struggling franchise. Check the video from Bloomberg below...

Top Financial Scams

Every year scamers take millions of North American's for billions of dollars.

With easy access to  the internet the ability to reach an endless supply of potential new marks, almost anyone can become a professional con artist.

According to the Better Business Bureau in 2010 Roofers had the most inquiries at 2,409,190 the most complaints were levied at the Television industry with 30,985, and  the most unsolved complaints  was amongst Spiritualists at 100% (8 out of 8). Go figure?!

Check this infographic from makeusof.com on the Top 10 Scams of 2010 ...