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.
- Yankees donate $150,000 to charity to get Alex Rodriguez his 3,000th hit ball 1
- Mike Scioscia says Josh Hamilton should apologize to Angels owner Arte Moreno 36
- Settling the Scores: Thursday’s results 26
- Breaking: Cardinals fire their scouting director, likely due to the Astros hacking scandal 60
- Bryce Harper is naked in ESPN’s “Body Issue” 54
- Today is the day: Marlins ace Jose Fernandez returns from Tommy John surgery 4
- A-Rod, the Yankees and the union in talks to direct his $6 million home run bonus to charity 29
- And That Happened: Wednesday’s scores and highlights 53
- With the same-sex marriage decision, the San Francisco Giants get another big win (276)
- Settling the Scores: Sunday’s results (99)
- Report: Jerry Dipoto “definitely out” as Angels GM (77)
- What Yasiel Puig being a pain in the butt means. And what it doesn’t mean. (77)
- There was a super ump show in Chicago yesterday (75)