Maybe Fred Wilpon and Saul Katz didn’t know anything about Bernie Madoff’s fraud, but after reading this in today’s New York Times do NOT tell me that they were “just like everyone else who was duped.” Because as far as I know, no one else who was duped served as a buffer between everyday investors and Madoff, shielding him from any inquiries:
Mr. Wilpon and Mr. Katz marveled at Mr. Madoff’s record of success and talked of returns that would consistently outperform the market. But to be among those referred by the Mets’ owners, one had to agree to odd and puzzling terms that restricted direct contact with or questioning of Mr. Madoff. Sterling Equities, the family company that owns the Mets, would administer all the referred accounts and handle the transactions between the investors and Mr. Madoff’s firm.
Those invited into this rarefied club — including relatives of Sterling management, an investment banker who is also a supper club entertainer, a technology entrepreneur and a theater industry executive — would not send money to Mr. Madoff. Instead, it would be filtered through the Sterling partner and the Mets board member Arthur Friedman, a certified public accountant with a law degree who served as the liaison to Mr. Madoff’s operation.
Even if they hadn’t a reasonable doubt about Madoff in the world, the fact is that Wilpon and Katz were not mere victims like others were. They were a key part of his operation, however unwitting to the fraud, and they had higher duties than did common investors, and thus they have a greater responsibility to the other investors.
Indians reliever Andrew Miller lasted only six pitches in Monday night’s appearance against the Red Sox. He walked Mookie Betts on six pitches before being relieved by Dan Otero. Per MLB.com’s Jordan Bastian, Miller reaggravated the patella tendinitis in his right knee.
Miller, 32, missed a couple of weeks earlier this month with patella tendinitis. He was activated last Friday and got two outs in a scoreless appearance against the Royals that night.
Bastian pointed out that Miller’s velocity has been lower than usual. He averaged 92.1 MPH on his fastball on Friday and 90.1 MPH on Monday, well below his normal average around 94 MPH.
The Indians should have more on Miller’s status after Monday’s game or on Tuesday. The lefty is carrying a 1.65 ERA with a 79/16 K/BB ratio in 54 2/3 innings on the season.
Rangers third baseman Joey Gallo and reliever Matt Bush collided attempting to catch an infield pop-up during Sunday afternoon’s game against the White Sox. Bush was placed on the 10-day disabled list on Monday with an MCL sprain in his right knee. Both he and Gallo are experiencing concussion symptoms, Evan Grant of the Dallas Morning News reports, and Gallo also suffered a nasal fracture. Gallo has not yet been put on the disabled list.
Losing both players is a big loss for the Rangers, who entered Monday’s action just 2.5 games out of the second Wild Card slot.
Gallo, 23, has had a breakout season, batting .205/.329/.561 with 35 home runs, 65 RBI, and 68 runs scored in 410 plate appearances.
Bush, 31, has been solid out of the bullpen, putting up a 3.04 ERA with a 53/18 K/BB ratio in 47 1/3 innings.