Singh offered to pay financier's bond
HOUSTON -- Vijay Singh has offered to help pay the $500,000 bond for financier Allen Stanford, but federal rules would not allow it because the three-time major champion is not a U.S. citizen.
Stanford's attorney indicated in court Thursday that Singh, who is from Fiji, offered to sign for a portion of the bail. Prosecutors are appealing the decision to set bail for Stanford, who is accused of swindling investors out of $7 billion.
Stanford has pleaded not guilty to the charges.
Singh did not stop to speak to the media after finishing his second round at the Travelers Championship on Friday.
He has an endorsement deal with Stanford Financial reportedly worth $8 million. Although no longer being paid, Singh has continued to wear the Stanford logo on his visor and shirt. He did not play in Memphis, Tenn., two weeks ago in a tournament previously sponsored by Stanford.
"Vijay's opinion is that Stanford has yet to be proven guilty and until then has chose to act supportively," said Dave Haggith, a spokesman at IMG, the management company that represents Singh.
Copyright 2009 by The Associated Press