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.
- Kris Medlen leaves game with right forearm strain 18
- Cardinals sign Cuban middle infielder Aledmys Diaz to a four-year major league contract 60
- Cardinals and Matt Carpenter agree to a six-year, $52 million extension 12
- Jet Blue Park is absolutely incredible 59
- Gary Nolan one of many careers saved by Dr. Frank Jobe 17
- Ian Kinsler hopes Rangers go 0-162, calls GM a “sleazeball” (132)
- Albert Pujols was insulted when someone asked him if he can put up Mike Trout numbers (103)
- The politics of “The Cardinal Way” (67)
- Brandon Phillips: “How the [expletive] am I declining?” (61)
- Reporter calls Ian Kinsler as self-absorbed as A-Rod (60)