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Singh offers to pay $500,000 bail for former sponsor Stanford
By Associated Press
HOUSTON – Vijay Singh has offered to help pay the $500,000 bond for financier Allen Stanford, but federal rules would not allow it because the three-time major champion is not a U.S. citizen.
Stanford’s attorney indicated in court Thursday that Singh, who is from Fiji, offered to sign for a portion of the bail. Prosecutors are appealing the decision to set bail for Stanford, who is accused of swindling investors out of $7 billion.
Stanford has pleaded not guilty to the charges.
Singh did not stop to speak to the media after finishing his second round at the Travelers Championship on Friday.
He has an endorsement deal with Stanford Financial reportedly worth $8 million. Although no longer being paid, Singh has continued to wear the Stanford logo on his visor and shirt. He did not play in Memphis, Tenn., two weeks ago in a tournament previously sponsored by Stanford.
“Vijay’s opinion is that Stanford has yet to be proven guilty and until then has chose to act supportively,” said Dave Haggith, a spokesman at IMG, the management company that represents Singh.
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golfco on 06/29/2009, at 7:54 AM EST
“How is it that VJ continue's to wear a Stanford logo on his shirt? He finally gave up the logo bag this week and will carry the Cleveland bag for the rest of the season. I would think Veej would want to ditch the logo just in case he runs into a guy or 2 that was swindled out of millions in the Ponzi scheme. Guilty or not guilty, Stanford is guilty in the court of public opinion and Veej is a very public figure. I understand wanting to support your best friend, but man that's a slap in the face to a lot of people who lost a lot $$$$$$. ”