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Former Calumet Farm president J.T. Lundy got a four and half year prison sentence for defrauding a Houston bank out of $65 million. Gary Matthews, the farm's former chief financial officer, got 21 months. Alydar became part of the hearing, but the judge found no conclusive evidence the stallion was killed for insurance money, as federal prosecutors alleged.
Thursday, October 19, 2000Two owners and seven jockeys were indicted Wednesday for allegedly fixing 15 races at Penn National between January and May. If convicted, they face up to five years in prison and fines up to $250,000.
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