Excellent, non-ironic use of the word “scion.” I see three possibilities here:
1. The Wilpons have had some crummy luck recently. Sometimes the best of us get trapped in a Ponzi scheme; sometimes the best of us get trapped twice.
2. Alternatively, they’re just really, really bad at recognizing Ponzi schemes.
3. These sort of schemes are way more common than I would have thought, and if you dug through any prominent investor’s history, you would find a couple of mistakes like these.
Patrick John Flood (blog) 
or…
4. Wilpon and Katz are willing to work with the sketchiest elements of the investment industry as long as they are promised high enough returns.
or…
5. The investment industry as a whole is so sketchy that hucksters like Madoff are hardly distinguishable from “legitimate” firms.
etc.
Or those two.
That is interesting…a new bobo like poster.
Patty do you have a new alter-ego?
Wait . . . that’s not you again? Now I’m really confused.
Whoops, sorry. Didn’t realize there was a similarly named poster. Won’t use this handle again.
Similarly named poster? I’m like the only poster. Your sir have found the barren wasteland of the internets on this here site. Wow, and you user name is bobbo…I’m guess you are a Pirates fan looking to move up (only slightly) to cheer for less of a loser.
No place is truly barren when you’re around to make it feel like home, Bobo.
ok then, go add a banner: “this is not a house it is a home”
all warm and fuzzy