Carlos Pena a Stanford victim
by atlantaray on Feb 23, 2009 6:01 PM EST
7 comments
Carlos Pena has been cited as one of the many athletes and celebrities that have fallen victim to the Stanford Financial fraud scheme. Pena has had his bank assets frozen, but fortunately, he had the presence of mind to have a separate side account so that he could pay bills. Others weren't so lucky.
The Yankees' Johnny Damon and Xavier Nady are among players, all clients of agent Scott Boras, who said they have no access to their funds. Peña said one of his bank cards was denied.
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It just got personal lol
It wasn’t as hard when it was Yankee money getting frozen, and you nailed it on the head at least Pena was smart enough not to put all of his eggs in that one sketchy 10%+ return basket. Damon is talking about having his entire paycheck put into that account (doesn’t the MLB provide at least 1st grade financial advice, diversification anybody???)
'talkin 'bout practice?
by CubFanRaysaddict on Feb 23, 2009 6:20 PM EST reply actions 0 recs
Umm 10% return
diversify that shit yo!
Why yes, I am this big of an asshole in person.
by Sandy Kazmir on Feb 23, 2009 9:09 PM EST up reply actions 0 recs
sketchy 10% return invested by a guy who has paid multipe fines to the SEC
'talkin 'bout practice?
by CubFanRaysaddict on Feb 23, 2009 10:16 PM EST up reply actions 0 recs
Johnny Damon is not the sharpest knife in the drawer
He’s known for being a bit of an air-head, I mean look at his autobiography. But at least he admits this much. I find it kind of odd that they are all Scott Boras clients. Boras must have been feeding these guys towards Stanford.
by atlantaray on Feb 23, 2009 10:20 PM EST reply actions 0 recs
The latest mistake caused my that bad concussion he suffered with Boston
Lay off the stadium, Iwamura
by Orlando Rays on Feb 27, 2009 6:04 PM EST up reply actions 0 recs
Pelfrey says all of his money was with them
But seriously, I can’t blame these guys. It’s like having your money with Fidelity or any other investment manager. There’s really no way of knowing.
As for paying multiple fines to the SEC, I can pretty much guarantee you that some of your money is with someone who has paid multiple fines to the SEC. Pretty much every bank has at this point.
Vogt early, Vogt often.
by Brickhaus on Feb 23, 2009 11:19 PM EST reply actions 0 recs
you apparently don't invest where I do
Mennonite Financial, although they seem to be involved in a little Jim Bowden-esque skimming with 10% of some of their profits going to ‘fund missions’
'talkin 'bout practice?
by CubFanRaysaddict on Feb 24, 2009 12:55 AM EST up reply actions 0 recs
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