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.
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