Jeff Wilpon, Fred's son, became chief operating officer. The Mets failed to win any titles under the Wilpons' time of sole control and their final dozen years were hampered by financial losses from the Bernard Madoff Ponzi scheme.
Cohen controlled SAC Capital Advisors, which in 2013 pleaded guilty to criminal fraud charges. SAC agreed to pay a $900 million fine and forfeit another $900 million to the federal government, though $616 million that SAC companies had already agreed to pay to settle parallel actions by the U.S. Securities and Exchange Commission was to be deducted from the $1.8 billion.