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Damon, Nady Invested With Texas Mini Madoff, Accounts Frozen
By
Jen Chung
Published Feb 20, 2009
Modified Feb 20, 2009
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By
Jen Chung
Published Feb 20, 2009
Modified Feb 20, 2009
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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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Jen Chung
Jen Chung is a former WNYC and Gothamist editor.
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