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.