February 17, 2009

Stanford Financial Raided By U.S. Marshalls**

February 17, 2009/ Geoff Shackelford

Oops. Now this should test those ironclad PGA Tour contracts. And on the LPGA side, ADT must be looking better and better down at headquarters.

Update on 2009-02-17 22:32 by Geoff

**The Commissioner weighs in:

STATEMENT FROM PGA TOUR COMMISSIONER TIM FINCHEM REGARDING ALLEN STANFORD

We have no comment regarding the situation with Allen Stanford and certain of his companies at this time.

However, we want to categorically state that the PGA TOUR event in Memphis will be played as scheduled this year.

Update on 2009-02-17 22:38 by Geoff

Thanks to reader Jim for this story which fleshes out the sports angle a bit more including Vijay Singh's possible exposure.

Geoff Shackelford

Geoff Shackelford is a Senior Writer for Golfweek magazine, a weekly contributor to Golf Channel's Morning Drive, is co-host of The Ringer's ShackHouse is the author of eleven books.