Ballplayers at the top of a ponzi scheme

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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.

Report: Padres interested in Maikel Franco

Philadelphia Phillies v Washington Nationals
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The Padres may have some interest in acquiring Phillies third baseman Maikel Franco, according to a recent report from Ken Rosenthal of The Athletic. It seems unlikely that the team would deal their starting third baseman with J.P. Crawford (fractured left hand) sidelined through July; to that end, however, they signed infielder Danny Espinosa as minor league depth on Friday and have reportedly been eying the Rangers’ Adrian Beltre, among other veteran options.

Franco, 25, entered Sunday batting .255/.297/.425 with nine home runs and a .721 OPS in 229 plate appearances this season. While he has yet to live up to the .280+ average, 1.9+ fWAR he posted during his rookie campaign, he’s been a solid 20+ home run producer over the last few years and shown some stability at the hot corner. He’s also under team control for the next three years and could provide some much-needed insurance behind the Padres’ current third base option, 27-year-old Christian Villanueva.

Rosenthal notes that the Phillies could strike a deal for one of San Diego’s relievers, though no one specific has been connected to the team yet — and the club probably wouldn’t be able to finesse a one-for-one deal given the quality of the Padres’ pitchers. The Phillies’ bullpen has looked downright abysmal over the last month, placing 11th-worst in the league with a collective 5.34 ERA and 0.3 fWAR. Their failure to procure a viable reliever beyond Seranthony Dominguez, Victor Arano and Edubray Ramos lends a certain urgency to any potential deal they make over the next few weeks, though the official trade deadline is still over a month away.