Category Archives: Securities Fraud

Fifteen Hurricanes under investigation

Posted on August 22, 2011 by Roy Kessel

Miami has announced that 15 players are under investigation for receiving benefits which would make them ineligible for competition this fall. While the school would not identify the players, the Yahoo report named the following players as having received additional … finish reading Fifteen Hurricanes under investigation

Posted in Agent Regulations, Agents, Athletes, Coaches, College Football, Current Stories, Daily Digest, Eligibility, Fans, Financial crimes, Football, NCAA, NCAA sanctions, Recruiting, Recruiting violations, Securities Fraud, Suspensions, Universities | Leave a comment

Miami is going to have a lot of NCAA issues; current athletes will suffer

Posted on August 17, 2011 by Roy Kessel

The stories are only begin to break, and already it is clear that there are going to be a lot of problems unearthed at Miami. While many people are questioning the motivations and/or character of Nevin Shapiro, the reality is … finish reading Miami is going to have a lot of NCAA issues; current athletes will suffer

Posted in AYK (Are you Kidding??), Agent Regulations, Agents, Athletes, Coaches, College Football, College Sports, Daily Digest, Financial crimes, Football, Jail/Prison, NCAA, NCAA sanctions, RTC (Rules to Change), Securities Fraud, Universities | Leave a comment

Madoff dealings could costs Wilpon’s Mets ownership

Posted on June 1, 2011 by Roy Kessel

The Wilpon’s have already had to take on a minority partner and liquidate holdings as a result of the Madoff fraud.  Now comes word that the deal that they have struck with David Einhorn contains provisions which would allow Einhorn … finish reading Madoff dealings could costs Wilpon’s Mets ownership

Posted in Baseball, Daily Digest, Financial crimes, Franchise sales, MLB, MOJ (Miscarriage of Justice), Owners, Securities Fraud, Teams | Leave a comment

Wilpon’s dealing with lots of Madoff related issues

Posted on March 15, 2011 by Roy Kessel

It seems like every time you turn around there is a new story about the Wilpon’s and the fallout from their dealing with Madoff. First we have hearing about how the trustee calculated amounts due from the Wilpons. Then we … finish reading Wilpon’s dealing with lots of Madoff related issues

Posted in Baseball, Charities, Commissioners, Daily Digest, Financial crimes, Franchise sales, Leagues, MLB, MOJ (Miscarriage of Justice), Owners, Securities Fraud, Soccer, Teams | Leave a comment

Saints coach Jones gets 3 years probation

Posted on March 11, 2011 by Roy Kessel

Saints assistant coach Travis Jones has been sentenced to three years probation, 100 hours of community service and ordered to pay $1.15 million in restitution for his role in a real estate scam involving dozens of people in northwest Texas … finish reading Saints coach Jones gets 3 years probation

Posted in Arrests, Coaches, Daily Digest, Financial crimes, Football, NFL, Police Blotter, Securities Fraud | Leave a comment

Who wants to buy the Mets?

Posted on March 4, 2011 by Roy Kessel

Well names are starting to leak out about who might be interested in acquiring a stake in the Mets.  And there is some question apparently about whether or not the whole team (or a controlling stake) might need to be sold … finish reading Who wants to buy the Mets?

Posted in Baseball, Daily Digest, Financial crimes, Franchise sales, Leagues, MLB, Owners, Securities Fraud, Teams | Leave a comment

NJ Congressman Garrett introduces bill to prevent Madoff investors from clawbacks

Posted on February 18, 2011 by Roy Kessel

Rep. Scott Garrett (R-NJ), Chairman of the House Financial Services Subcommittee on Capital Markets and Government-Sponsored Enterprises, today introduced H.R. 757, the Equitable Treatment of Investors Act, which would reaffirm and clarify key protections for ordinary investors that were put … finish reading NJ Congressman Garrett introduces bill to prevent Madoff investors from clawbacks

Posted in Bankruptcy, Baseball, Daily Digest, Financial crimes, MLB, MOJ (Miscarriage of Justice), Owners, Securities Fraud | Leave a comment

How will Wilpon’s proceed with Mets sale

Posted on February 16, 2011 by Roy Kessel

Rumors continue to swirl about how the Wilpon’s will proceed with the sale to recover enough funds to pay back some of the funds the Madoff trustee claims that they took in excess of their investment. For his part, Madoff … finish reading How will Wilpon’s proceed with Mets sale

Posted in Baseball, Daily Digest, Financial crimes, Franchise sales, MLB, Owners, Securities Fraud | Leave a comment

Art Schlichter charged with $1 million theft

Posted on February 14, 2011 by Roy Kessel

Former Ohio State quarterback Art Schlichter, whose NFL career was derailed by a gambling addiction, was charged Monday with stealing more than $1 million from a 68-year-old woman in suburban Columbus according to an AP report. Schlichter has offered to … finish reading Art Schlichter charged with $1 million theft

Posted in Arrests, College Football, Daily Digest, Financial crimes, Football, Securities Fraud, Theft, Ticket Prices | Leave a comment

Madoff trustee wants $1 billion from Mets ownership

Posted on February 9, 2011 by Roy Kessel

We have been following this story the last few days and there is a lot of detail in the lawsuit.  But ultimately, the reports that the trustee wants $1 billion will have an enormous impact on the Mets ability to … finish reading Madoff trustee wants $1 billion from Mets ownership

Posted in Bankruptcy, Baseball, Daily Digest, Financial crimes, Franchise sales, MLB, Owners, Securities Fraud, Teams | Leave a comment

Schlichter involved in a ticket scam

Posted on February 6, 2011 by Roy Kessel

Art Schlichter has run into legal problems again. Apparently Schlichter was involved in a scheme involving Ohio State tickets, ultimately costing people millions of dollars. Schlichter solicited funds relating to an investment program that would have used the tickets for … finish reading Schlichter involved in a ticket scam

Posted in Arrests, Athletes, College Football, Daily Digest, Financial crimes, Football, NFL, Police Blotter, Securities Fraud, Ticket Prices | Leave a comment

Madoff trustee lawsuit against Mets consists of 397 pages

Posted on February 5, 2011 by Roy Kessel

If you want to read the whole thing let me know and I can email you the PDF. But for those that are following the general direction of this case there are some interesting developments. With the lawsuit being unsealed, … finish reading Madoff trustee lawsuit against Mets consists of 397 pages

Posted in Bankruptcy, Baseball, Daily Digest, Financial crimes, MLB, MOJ (Miscarriage of Justice), Owners, Securities Fraud | Leave a comment

Mets sued by Madoff trustee

Posted on December 14, 2010 by Roy Kessel

The Madoff fallout continues to impact the sports world. The New York Mets were sued last week by Irving H. Picard, the trustee charged with distributing money to victims of convicted felon Bernard Madoff’s Ponzi scheme, the organization acknowledged.  CNBC … finish reading Mets sued by Madoff trustee

Posted in Bankruptcy, Baseball, Daily Digest, Financial crimes, Lawsuits, MLB, Owners, Securities Fraud, Teams | Leave a comment

Senator’s owner cleared

Posted on October 1, 2010 by Roy Kessel

Ottawa Senators owner Eugene Melnyk has be cleared of allegations relating to his role in violating securities laws while he was CEO of drugmaker Biovail Corp. The Ontario Securities Commission did find that his actions were against public interest but ruled … finish reading Senator’s owner cleared

Posted in NFL, Owners, Securities Fraud | Leave a comment