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.
- Will Smith’s ejection once again shows baseball’s silly approach to foreign substance rules 29
- And That Happened: Thursday’s scores and highlights 33
- Who really owns a home run ball? 60
- The story behind the Nationals squirting chocolate syrup on each other after big wins 43
- And That Happened: Wednesday’s scores and highlights 127
- Bryce Harper on Marvin Hudson ejection: “I don’t think 40,000 people came to watch him ump” 128
- Bryce Harper ejected for second time in a week 122
- Dodgers left-hander Hyun-Jin Ryu to have season-ending shoulder surgery 8
- Bryce Harper on Marvin Hudson ejection: “I don’t think 40,000 people came to watch him ump” (128)
- And That Happened: Wednesday’s scores and highlights (127)
- Bryce Harper ejected for second time in a week (122)
- GM Dan Jennings to be named the Marlins new manager. And it’s a terrible idea. (111)
- And That Happened: Tuesday’s scores and highlights (101)