Ballplayers at the top of a ponzi scheme

Leave a comment

Here’s Scott Boras’ comment back in February when it was revealed that several baseball players were among the clients of suspected fraudster Robert Allen Stanford:

“The broker dealers the players have chosen have advised our
personal management auditors the players are not in jeopardy of losing
money.”

Here’s the news from yesterday:

The lawyer trying to recover the money from R. Allen Stanford’s
purported Ponzi scheme wants seven current and former Major League
Baseball stars who had invested with the accused swindler to turn over
millions of dollars, mostly of the players’ own money.

Ralph S. Janvey, whom the Securities and Exchange Commission
appointed as the “receiver” in the case, wants to take $9.5 million
from the players, an amount that mostly consists of their initial
investments, so that the athletes’ money can be split up among all of
Mr. Stanford’s purported victims.

“The fact that the [ballplayers] are innocent investors and
committed no wrongdoing does not entitle them to retain proceeds
received from the fraudulent” scheme, lawyers for Mr. Janvey wrote in a
filing last week with the U.S. District Court in Dallas.

Oops.

The players who, if the motion is granted, stand to lose millions
include Greg Maddux, Johnny Damon, J.D. Drew, Andruw Jones, Carlos
Pena, and Jay Bell.

The question I asked back in February and for which I’d still like
an answer is whether Scott Boras — who makes a big deal about how he’s
a full-service representative — steered these guys to Stanford. Maybe
someone in a position to should ask him.

Odubel Herrera went 0-for-5 with five strikeouts today

Getty Images
2 Comments

Did you have a bad day? It’s OK. We all do sometimes. It’s just part of life. Even ballplayers have bad days. Even the good ones.

Odubel Herrera is a good one. He’s only 25, but he’s already got two seasons of above average hitting under his belt. Dude gets on base. He could be a regular for tons of teams, so there’s no shame at all in him having a bad day. And boy howdy did he have a bad day today. He went 0-for-5 with five strikeouts in the Phillies extra innings win against the Rockies.

“I feel that I am making good swings but I’m just missing the pitches,” Herrera said.

Well, that is how strikeouts work.

Four strikeouts in a game is known as a Golden Sombrero. Players don’t strike out five times in a game very often so they don’t have an agreed upon name, but I’ve seen it referred to as the “platinum sombrero,” which seems pretty solid for such a feat. Six is a titanium sombrero or a double platinum sombrero, though there are references to it as a “Horn,” for Sam Horn, who deserves something to be named in his honor. Horn is like Moe Greene — a great man, a man of vision and guts — yet there isn’t even a plaque, or a signpost or a statue of him!

But I digress.

The last time a Phillies player did it was when Pat Burrell K’d five times in September 2008. The Phillies won the World Series that year, of course, so maybe this is an omen. [looks at standings] Or maybe not.

Anyway, get a good night’s sleep tonight, Odubel. Shake it off. Tomorrow is another day.

Rachel Robinson to receive O’Neil Award from the Hall of Fame

Getty Images
1 Comment

NEW YORK (AP) Rachel Robinson will receive the Buck O’Neil Lifetime Achievement Award from baseball’s Hall of Fame on July 29, the day before this year’s induction ceremony.

She’s the wife of late Hall of Famer Jackie Robinson, who broke the major league color barrier in 1947. Rachel Robinson created the Jackie Robinson Foundation in 1973, a year after he husband’s death. Rachel Robinson, who turns 95 in July 19, headed the foundation’s board until 1996.

The O’Neil award was established in 2007 to honor individuals who broaden the game’s appeal and whose character is comparable to that of O’Neil. He played in the Negro Leagues, was a scout for major league baseball teams and helped establish the Negro Leagues Baseball Museum in Kansas City, Missouri.

The award was given to O’Neil in 2008, Roland Hemond in 2011 and Joe Garagiola in 2014.