Matthews

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Lundy Returns to Yearling Auction

Former Calumet Farm president J.T. Lundy has not finished serving his prison sentence for bank fraud, conspiracy, and bribery convictions. But he attended this year's Keeneland September yearling sale, saying he was helping someone look at horses to buy.

Matthews' Appeal Denied

A federal appellate court has upheld Gary Matthews' conviction for participating in a scheme to defraud a Houston bank out of $65 million. The former chief financial officer for Calumet Farm will be required to serve his entire 21-month prison sentence.

Lundy Appeal to be Denied, A New Hearing Already Requested

A federal appellate court indicated in mid-February it did not intend to change the status of former Calumet Farm president J.T. Lundy's conviction on charges of bribery and deceit. Lundy immediately requested another hearing before the Fifth Circuit U.S. Court of Appeals headquartered in New Orleans.

Lundy-Clinton Deal Investigated

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Roger Clinton, half-brother to former President Bill Clinton, is being investigated by a House of Representatives committee for allegedly being paid to help J.T. Lundy, former president of Calumet Farm, get clemency, according to the Los Angeles Times.

Prison for Lundy and Matthews, Alydar Part of Hearing

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.

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