Erin Arvedlund is writing a new book, Too Good to Be True, which details the evil deeds of the disgraced New York hedge-fund manager Bernie Madoff.
According to Arvedlund, Fred Wilpon will be forced to sell the Mets as soon as 2010, due to roughly $700 million in Madoff-related investment losses, explains Jon Friedman in a must-read report for MarketWatch
“It’s a matter of when. It could be as soon as next year,” Arvedlund writes, according Friedman’s report.
However, Friedman quotes a team spokesperson as saying, “The numbers speculated continue to be inaccurate… The team is not for sale in any respect.”
Arvedlund has been investigating Maddoff since 2001, when she wrote a story for the New York Times about Maddoff’s ‘hedge fund.’