Still rocked by the allegations of impropriety by Ted Lilly in the wake of the Illinois Governor Rod Blagojevich’s pay-for-play senate nomination scandal, the Ted Lilly Fan Club was dealt with another death blow today upon learning that Ted Lilly is also a victim of ponzi scheme extraordinaire Bernard Madoff.
As any news-hungry Ted Head knows, Bernard Madoff made international headlines last week when he was charged with running a decades long Ponzi scheme that defrauded investors of $50 billion dollars. Never one to be content with small potatoes, Madoff’s scheme is considered to be the largest fraud in U.S. history.While the Ted Lilly Fan Club Endowment for Art and Science (TLFCEOAAS) remains safely buried in the sand of a deserted Caribbean Island, not all philanthropic entities were unscathed. Unfortunately, alongside real estate magnate Mortimer Zuckerman, the foundation of Nobel laureate Elie Wiesel, a charity of movie director Steven Spielberg and NY Mets owner Fred Wilpon, Chicago Cubs pitching ace and Obama-nominated Ambassador to the World Ted Lilly has also been caught up in this mess.
However, instead of millions of dollars in hedge funds and various investments, Lilly invested several of his famous game-worn #30 jerseys (remember, his sweat has cured polio), Lillyhammer baseballs from last year’s playoff (never used) and a top-secret manual on how to get chiseled abs (suck it Billy Banks! Tae Bo is for pussies!) which auction house Christie’s has valued as “priceless.” Lilly's expected return from Madoff was not monetary, but charitable; good, not evil. Instead, investigators have discovered that Madoff would blind sophisticated investors with the aura of Ted Lilly - the only possible way his ruse could be successful.
While the Lilly camp has remained silent throughout the process, they did release a statement that simply stated, “We ask for everyone’s support and compassion throughout this tough time. While Ted will be all right (after all—he is immortal), the real loss here is for the Ted Lilly School For Kids Who Can’t Read Good—who stood as the beneficiaries of TL’s realtionship with Madoff Securities.”
Obviously, this is troubling news, Ted Heads but remember, the world is darkest before the dawn.



