[at-fates-hands]

>> Madoff’s scheme was similar, but with capital markets rather than crypto.

A lot of people have no idea the reason Bobby Bonilla still gets paid over a million dollars a year from the Mets was because of the Madoff scheme:

The Mets released Bonilla in January 2000 but were still on the hook for his $5.9 million salary that season. Believing they were poised to make a significant profit through their investments with Bernie Madoff, Mets ownership instead agreed to defer Bonilla's salary with 8 percent interest and spread it across 25 years from 2011-35.

Well, the Madoff ponzi scheme fell apart, and Bonilla's $5.9 million swelled to $29.8 million from 2000-11. That $29.8 million divided by 25 years equals the annual $1.19 million payment.

He'll be 72 when the last payment is made.

https://www.cbssports.com/mlb/news/bobby-bonilla-day-why-met...