Newsday: Kings interested in Marbury, Maloofs lost hundreds of millions to Madoff?

"One team that is believed to have asked about Marbury is the Sacramento Kings, a franchise believed to be in serious financial distress because its owners, the Maloof family, lost hundreds of millions in the alleged Bernie Madoff Ponzi scheme."

almost 3 years ago nbrans 8 comments 0 recs |

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Madoff?

I’ve heard nothing on Maloof victimization at the hands of Madoff, and they don’t appear on the DoJ’s victims list.

by Tom Ziller on Feb 17, 2009 9:05 PM PST reply actions

I would hope

the Maloofs would be smarter than to invest hundreds of millions of dollars into one VC company especially during a time when the economy was on a down swing.

Donte? Donte'! Donté?!?!
'spect da 'xtra E'

by iashwash on Feb 17, 2009 9:12 PM PST up reply actions

Tough to say

There were so many huge feeder organizations that invested in Madoff’s firm that they could have gotten caught up in one or more of those.

by nbrans on Feb 17, 2009 10:01 PM PST up reply actions

Did you review the entire victim's list?

Just wondering, because it’s 163 pages and contains a ton of partnerships and trusts.

I’ve now heard this reported in multiple locations, although I’ve yet to see a concrete link or a comment by them. That, combined with Vegas taking a huge hit over the past year (which is very likely to continue in 2009 and beyond) has to make it very tempting for them to dump salary. I just hope they let Petrie do it at his own pace, even if that means holding out until this summer for a better deal.

by cabz on Feb 17, 2009 11:12 PM PST up reply actions

Madoff had a great reputation

So imitate the action of the tiger!
Stiffen the sinews, summon up the blood,
Disguise fair nature with hard-favoured rage.
- lend the eye a terrible aspect,

Now set the teeth - and teach them how to war!
Henry V iii

by lietothegirls on Feb 18, 2009 10:43 AM PST up reply actions