Jim Cullen, the bloodstock agent who has been banned from all North American auctions through 2010, has filed for Chapter 7 bankruptcy in the U.S. bankruptcy court in the Eastern District of Kentucky.
When Jim Cullen was recently banned from all North American auctions through 2010 as a result of action taken by Keeneland and Fasig-Tipton under the Sales Integrity Program, it marked the latest in a series of business and legal setbacks for the 42-year-old Lexington bloodstock agent.
For the first time since the Sales Integrity Program was initiated by the Thoroughbred Owners and Breeders Association, an agent has been sanctioned for violating the SIP Code of Conduct.
By Jim Cullen - I first met Dan Mallory through an associate at work. I was a staff writer for an industry trade publication and wanted to breed a mare to a freshman stallion I thought would be popular. The only problem was I didn't own a mare.
Jim Cullen, president of Cullen Bloodstock in Lexington, has been hired as director of marketing for Adena Springs Farm.
Racing and breeding news and information...
Bits and pieces from around the industry.
Brief items on racing and breeding.
Most Popular Stories
- Stormin Fever Euthanized at 23
- Undefeated Caravaggio Shines in Commonwealth Cup
- Casse Duo Set for Queen's Plate Run
- Neolithic Back Galloping After Respiratory Illness
- Untrapped Aims for First Stakes win in Ohio Derby
- Kitasan Black Faces 10 in Takarazuka Kinen
- Litfin at Large: Class Horses Figure in Ohio Derby
- The Player to Return on Churchill's Closing Night
- Disco Rico and His Record-Setting Son Disco Partner
- The Stronach Group Considers New England Venture