Nov 17, 2009, 9:20 AM EDT
Wilpon-bilker Bernie Madoff wasn’t the only fraudster with baseball connections. This year’s other high profile Ponzi artist — Allen Stanford — had multiple baseball players as clients, all of whom had a portion of their assets frozen as the case against the Texas investor started to break last February.
Eventually the funds became unfrozen and the ballplayers — including Johnny Damon, Greg Maddux, Carlos Pena, Mike Pelfrey and Xavier Nady — withdrew their cash. As a result, all of them were facing lawsuits from the government seeking to grab back money on the basis that it should rightly go to other ripped-off investors. But now they’re in the clear, as a U.S. appeals court ruled yesterday that such lawsuits — known as clawbacks — can’t go forward.
Whether Johnny Damon’s new found liquidity will cause him to lower his contract demands remains to be seen.
- Must-Click Link: Derek Jeter opens up. Seriously, he really does. 7
- And That Happened: Sunday’s scores and highlights 17
- Must-click link: Tommy Harper and the Red Sox’ racist past 52
- Settling the Score: Saturday’s results 34
- Matt Garza ejected after hitting Andrew McCutchen a second time 34
- Tigers hang on for second straight win against Royals 8
- Phil Hughes could finish the season with the best K/BB ratio in MLB history 14
- Settling the Score: Friday’s results 26
- Geddy Lee’s baseball obsession makes it really hard for me to hate Rush (120)
- It certainly looks like Barry Bonds’ criminal conviction is going to be overturned (105)
- Ron Washington claims he resigned because he cheated on his wife (103)
- Umpire ejects jackwagon fan heckling Bryce Harper in Atlanta last night (85)
- And That Happened: Tuesday’s scores and highlights (83)