..

Tiger Woods, Roger Federer Management Sued Over Gambling

Written by:
Aaron Goldstein
Published on:
Oct/13/2010
Tiger Woods Management

The company that manages both Tiger Woods and Roger Federer has been sued over allegations that the owner of the company bet millions of dollars on sporting events and utilized “insider” information to bet on a Federer tennis match against his own client, Tiger Woods.  Manager Theodore Forstmann is specifically named.

From TMZ.com:

According to the suit, filed in L.A. County Superior Court and obtained by TMZ, Agate Printing, Inc. claims it made millions of dollars in bets on Forstmann's behalf, and that Forstmann covered some of his losses on IMG accounts.

The suit claims Forstmann actually bet against some of his own clients -- in particular Tiger Woods.  In one case Forstmann allegedly bet against Tiger when he was competing against Vijay Singh, a "so-called close personal friend" of Forstmann and client of IMG at the time.

The suit alleges Forstmann loathed Tiger, often referring to him and other African Americans as "schwartzas" -- and allegedly making other derogatory comments about "blacks, Jewish people, and other minorities."  The suit alleges Forstmann also criticized Woods' lifestyle decisions.

The most damning portion of the lawsuit alleges that Roger Federer provided Forstmann with “insider information” in regard to a match Federer would be playing in. Forstmann even raised his bet from $10,000 to $40,000 after receiving the said information according to the suit.

Agate’s lawsuit is related to “breach of contract” – Aaron Goldstein, Gambling911.com 

Gambling News

Regulators Call for Law Change to Make Chicago Casino Viable

Regulators Call for Law Change to Make Chicago Casino Viable

The Illinois Gaming Board is calling on lawmakers to change state law to make a Chicago casino viable.

Draftkings Sportsbook News

Here you will find all the most recent news pertaining to Draftkings Sportsbook.  The company initially began as an operator of daily fantasy sports and still is successful in that space.  Draftkings and Fanduel together own better than 70% of the sports betting market share in New Jersey.

US State Department Confirms Body of 5Dimes Owner Sean Creighton Found

Monday evening, ESPN.com sports betting reporter David Payne Purdum received official notice from the US State Department that the remains of Sean "Tony" Creighton of San Pedro, Costa Rica-based 5Dimes have been discovered.

More Than $8.5 million Wagered on Sports in Iowa First Month of Business

More Than $8.5 million Wagered on Sports in Iowa First Month of Business

More than $8.5 million was wagered at 13 participating casinos in Iowa’s first month of sports betting.

Gambling and Sports Betting News Wire - September 16, 2019

Here are today's headlines in the world of gambling and sports betting as they happen - Monday September 16, 2019.

Syndicate