Damon, Nady Invested With Texas Mini Madoff, Accounts Frozen

Though the FBI has finally found suspected financial fraudster Robert Allen Stanford, who fled Texas to Virginia, some notable locals have been hit by his reported $8 billion scam: Yankees players Johnny Damon and Xavier Nady, whose finances are now frozen. FoxSports spoke to the pair, who invested with Stanford. Damon said, "I can't pay bills right now. That started on Tuesday. I had to pay a trainer for working out during the offseason. I told him, 'Just hold on for a little bit and hopefully all this stuff gets resolved,'" while Nady said, "I'm affected in some ways. I have the same (advisor) as Johnny. He said I didn't have money with Stanford (investments). But all my credit card accounts are frozen right now because of that situation. I'm trying to get an apartment in New York. I can't put a credit card down to hold it." Damon and Nady both have Scott Boras as an agent—and Boras's company monitors their money. Boras claimed his clients have nothing to worry about.

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By Jen Chung in News on February 20, 2009 5:53 PM

Comments [rss]

Rocknrope

Maybe now that this kind of fraud is happening to the rich and famous, someone will actually do something about it.

whitecastlerock

Move to the South Bronx, walk to work and stop living so high on the goddamn hog people. Join the rest of the working stiffs struggling to get by

kane

Boras claimed his clients have nothing to worry about.

You know, except for that whole "my accounts frozen and I can't pay bills thing." But you know what could be worse? Murder, and a lot of other things.