Bill Madden of the New York Daily News reported that Fred Wilpon has been appointed the chairman for MLB’s finance committee.

That wouldn’t be especially notable for Mets-nation, other than the fact that Wilpon and Co. were famously duped by ponzi schemer Bernard Madoff. Here’s an excerpt from Madden’s story.

In addition, two longtime Selig allies — Mets owner Fred Wilpon and Royals owner David Glass — came off the council but were appointed as chairmen of two important committees — Glass for business and Wilpon for finance. Manfred also appointed new Padres chairman Ron Fowler to head up the labor committee.

#MetsTwitter is never dull at a moment like this, even as we eclipse midnight on what is now Sunday morning. Here’s a look at some thoughts of Manfred’s move.

Hey, let’s have Pete Rose manage an expansion team in Las Vegas. He’ll have a better chance at creating cash flow than Fred Wilpon. — Metstradamus (@Metstradamus) January 18, 2015

Fred Wilpon as the new chairman of finance is like having Stevie Wonder in charge of building security — Chris Gamez (@Metsochist4Life) January 18, 2015

Fred Wilpon, Chairman, @mlb Finance Committee…. Think on that for a second… — Dave (@Hello_Davey) January 18, 2015

Fred Wilpon, the owner who lost millions to Bernie Madoff, is now the chairman of finance for the MLB #MLOLB#Metspic.twitter.com/9Fuws48mSk — IG: MetsKevin11 (@MetsKevin11) January 18, 2015

It’s typical MLB. Manfred is new, so he’s keeping one of Bud Selig’s cronies (Wilpon) happy with this position. He’s about as qualified to be the chairman of the finance committee as I am. We can only pray that he has a good team of advisors behind him, or baseball could be in big trouble for years to come.