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.
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- Mets acquire Addison Reed from the Diamondbacks 8
- Vin Scully says 2016 will be his last season of broadcasting 23
- Edwin Encarnacion slugs three home runs as Blue Jays thrash Tigers 17
- Mark Teixeira says he’s having “serious pain” when he tries to run 13
- Settling the Score: Friday’s results 23
- Vin Scully will return in 2016 for his 67th season of broadcasting 43
- The Athletics have a travel-heavy 2016 schedule and unsuccessfully tried to have it altered 11
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- Dan Patrick: When does ESPN cut ties with Curt Schilling? (200)
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- Curt Schilling taken off of ESPN’s Sunday Night Baseball telecast this week (134)
- Phillies announcer calls Mets fans “obnoxious” (123)