Posted August 06, 2013

Report: Vikings owner Zygi Wilf committed fraud, breach of contract

NFL
A lengthy lawsuit involving  Zygi Wilf found the Vikings owner to have committed fraud. (Bob Levey/Getty Images)

A lengthy lawsuit involving Zygi Wilf found the Vikings owner to have committed fraud. (Bob Levey/Getty Images)

Minnesota Vikings owner Zygi Wilf and two other family members committed fraud, breach of contract and breach of fiduciary duty and also violated the state’s civil racketeering statute, New Jersey Judge Deanne Wilson said Monday in a decision that finally wraps up a 21-year lawsuit.

From the New Jersey Star-Ledger:

When all is said and done, it appears that Zygmunt “Zygi” Wilf, multi-millionaire leader of his family’s Short Hills-based real estate empire and principal owner of the Vikings, will wind up at the losing end of the long-running case.

“To my knowledge, there has never been a case like this in New Jersey jurisprudence,” said Wilson, who delayed her retirement to hear the case to its conclusion. “We try to move cases along. There is no reason in the world for a case to be tried 20 years after it was filed.”

The Wilfs’ business partners claimed family members systematically cheated them out of their fair share of revenues from Rachel Gardens, a 764-unit apartment complex in Montville, by running what amounted to “organized-crime-type activities” in their bookkeeping practices that gave the Wilfs a disproportionate share of the income.

The expected amount to be awarded for damages has not been specified. Wilf, 63, purchased the Vikings in 2005 for $600 million. The Vikings are on track to open their new stadium in 2016.


7 comments
Markus
Markus

He even LOOKS slimy.

Phroggo
Phroggo

The judge found the Wilfs were liable for compensatory damages, punitive damages and triple damages under the racketeering (RICO) statutes.  But the clincher, that could send the Wilfs to the breadline, is liability for 20 years of attorney fees. 

john15
john15

Zygi and Bernie Madoff are fellow Tribe members what do you expect??

darknesscrown
darknesscrown

I remember seeing the adult children who dress up in football costumes and jerseys showing up at the MN State Capitol when I interned there demanding the state find a way to keep the Vikings in MN.  How's that working out for you guys?  Actually, that question is open to all the locations the NFL operates from that the taxpayers have funded a stadium.  Your community/city hasn't reaped a single measurable benefit from having/keeping a team there, but instead of increasing taxes on yourselves to give yourselves a single-payer health insurance system or a transit system that ranks far behind what they have in Europe or even some parts of Russia, you'd rather tax yourselves to have a big military and football stadiums so 32 men can get even more money for themselves.  Sounds like sports fans really have it all worked out...

eddie767
eddie767

And some ppl who post comments about players,who come in contact with the police,thugs and gangsters. Wilf and Haslem,those two,should have their pictures next to those definitions.Also,the article did say it has been in court for 21yrs.didn't it? The things money can do for you,unless you loose the case. 

Psy Power
Psy Power

Wilf in Minnesota and Haslam in Cleveland........great role models, these owners!

mystafugee
mystafugee

@Psy Power yup and I'm guessing Goodell won't fine and/or suspend them.  Then again they are his bosses.