MLB players caught up in Stanford freeze
Some professional baseball players are short on cash because the government froze accounts in the businesses of Texas financier R. Allen Stanford.
The Yankees' Johnny Damon and Xavier Nady; former Yankee Bernie Williams; the Mets' Mike Pelfrey; Boston's Jacoby Ellsbury; Seattle's Adrian Beltre; Tampa Bay's Carlos Pena; and Philadelphia's Scott Eyre are among those who say they've had accounts frozen.
Philadelphia advanced Eyre an undisclosed amount of his $2 million salary. Eyre said his only other bank account has a $3,000 balance.
Beltre told The Associated Press at Peoria, Ariz., Wednesday: "I don't even know how much money I have in those accounts. They said my money is safe, that they are holding it while the guy is under investigation."
The players are clients of agent Scott Boras, and Pelfrey said he got involved through the use of an accountant recommended by him.
Boras told The New York Times Wednesday that Damon, Nady, Pelfrey and other affected players should have access to their cash soon.
Securities and Exchange Commission officials raided the offices of Stanford on Feb. 17 and froze the assets of three companies he controls, saying he perpetrated an $8 billion investment fraud.
Information from The Associated Press was used in this report.
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