Stanford Ponzi Scheme Case Entangles Baseball Stars

Receiver wants the $1.8M Allen Stanford gave to politicians

(NEWSER) - The receiver in charge of recovering money for R. Allen Stanford's fleeced investors is trying to recover some $1.8 million the alleged Ponzi schemer gave to a host of political causes—but they refuse to return the money, Reuters reports. Among the holdouts: President Obama's campaign, and most of the Democrat and Republican parties' national fundraising committees, along with a who's who of other prominent individual politicians. The receiver, Ralph Janvey, got court orders against five campaigns last summer, but all have ignored them. More»

(AP) - A federal judge ruled today that thousands of investor accounts with R. Allen Stanford's financial companies will remain frozen for another 10 days, while a court-appointed receiver said he's developing a plan to return some of the money to its owners. Stanford's companies have been in receivership since the Securities and Exchange Commission filed a civil action alleging an $8 billion investment fraud. More»

(NEWSER) - Andruw Jones, Jeff Kent and Gary Bennett homered during a six-run seventh inning, leading Chad Billingsley and the Los Angeles Dodgers over the Milwaukee Brewers 7-2 yesterday. After Jones and Kent hit solo shots, Bennett capped the burst with a three-run homer. Billingsley (3-5) didn't allow a hit until Brewers starter Ben Sheets, a career .078 hitter, singled with two outs in the fifth. More»

Cubs hurler goes eight-plus innings, knocks in go-ahead run

(NEWSER) - Ryan Dempster struck out a career-high 12 and hit a go-ahead single against Greg Maddux during a four-run fifth inning, leading the Chicago Cubs over the punchless Padres 4-0. Jim Edmonds singled in his debut with the Cubs, who won three of four from the team with the worst record in the major leagues (15-27). More»

Gonzalez three-run homer helps Padres end 5-game skid

(NEWSER) - Greg Maddux became the ninth pitcher in big league history to win 350 games, reaching the plateau in his fifth try and leading the San Diego Padres to a 3-2 win over the Colorado Rockies last night. With Adrian Gonzalez hitting a three-run homer and the Padres ending a five-game losing streak, Mad Dog held the Rockies to an unearned run and three hits in six innings. More»