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Media & Entertainment Law

: Sports Biz

Former Curlin Owners Sentenced in Fraud Case

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Also while I was gone, a US District Judge in Kentucky pronounced sentences for the two Kentucky lawyers who formerly owned Curlin and who were convicted of defrauding their clients out of millions of dollars in the fen-phen case.  Judge Danny Reeves sentenced William Gallion to 25 years in prison and Shirley Cunningham Jr. to 20 years.  He also ordered them to more than $127 million in restitution and forfeit $30 million to the government.  Jess Jackson, owner of wonder filly Rachel Alexandra, is now the owner of Curlin.  He plans to eventually breed the two for what is hoped to be a "freak" offspring.

It is probably an appropriate sentence only insofar as there is no parole in the federal system and the 58 and 54, respectively.  However, collecting on the restitution is a different story. While Angela Ford, the attorney for most of the clients defrauded by these two said she was satisfied with the sentence, she indicated it was doubtful that she would collect even half the amount of the restitution. 

Full post as published by Sports Biz on August 20, 2009 (boomark / email).

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