SEC investigating Marlins stadium deal

[Balta1701]

Link, lots more details at site, Jeff Passan article.

For two decades now, Major League Baseball has funded its rise from corporate slacker to gilded cash cow on the backs of taxpayers bullied into building new stadiums. It’s a marvel the government took so long to sniff out the rot that emanates from these deals, though not much of a surprise that the Miami Marlins were the target when they did.

 

The Security and Exchange Commission on Thursday launched guided warheads at the Marlins, requesting the team’s financial records, communications with MLB officials including commissioner Bud Selig, minutes of meetings with local government leaders and political campaign-contribution information, according to a report in the Miami Herald.

 

While the subpoenas issued by the SEC do not explicitly detail the purpose of the investigation, the feds’ motives are evident: They want to understand how, exactly, a group of county commissioners agreed to fund 80 percent of the Marlins new stadium, which cost more than $600 million, without ever seeing the team’s financial records – and whether bribes had anything to do with it.

 

This just got real.

[Milkman delivers]

Corruption in baseball and politics?! No way.

[Wanne]

Maybe the SEC outta just petition our own government to stop the ridiculous fact the members of Congress ARE NOT subject to insider trading laws. The SEC can go suck a big one until this is stopped. To this day...it's almost THE biggest thing that pisses me off about our country/government. Complete bulls***. Why else do the spend millions to lobby for a $174K a year job. Crooks...all of them...including probably members of the SEC. Sorry...civics rant over.