June 30, 2006 |
The size of the athletes Dwight Manley represents is about to shrink. The problems they face, however, are huge. Once the agent for former NBA All-Star Karl Malone, Manley is preparing to represent a lot of 5-foot-4, 115-pound jockeys as head of the troubled Jockeys' Guild. Manley and the Rev. Jesse Jackson have formed a surprising alliance and plan to help athletes whose benefits and pay Manley said were "stuck in the past."
March 2, 2006 |
The Jockeys Guild alleges in a civil lawsuit filed Monday that ousted president L. Wayne Gertmenian used his consulting firm and another company owned by a family member to embezzle funds from the labor organization's members and the guild health-care plan. The suit filed in U.S. District Court in Los Angeles alleges that Gertmenian engaged in fraud and theft during his four-year tenure at the financially troubled organization. The guild is seeking unspecified damages.
December 13, 2005 |
Even for an action-filled sport such as horse racing, it would be hard to top the off-track drama that unfolded on Nov. 15 at the Monrovia headquarters of the Jockeys' Guild. Angry jockeys, fed up with their organization's leadership, concluded a long conference call by firing embattled president L. Wayne Gertmenian and his top deputy, Albert Fiss. Sometime that day, jockeys allege in a lawsuit, the two men wrote themselves checks totaling $217,000 from the guild's depleted bank account.
December 9, 2005 |
The troubled Jockeys' Guild released results of a preliminary financial review Thursday that suggested "an apparent pattern of increasing fiscal neglect extending for at least the past 18 months." The Monrovia-based labor group also reported that its recently ousted management team appeared to have "inappropriately" used $2.1 million in guild funds to cover daily operating costs and pay health insurance claims.
November 18, 2005 |
While a House subcommittee suggested that he might face contempt of Congress charges for ignoring congressional subpoenas, L. Wayne Gertmenian was accused Thursday by the Jockeys' Guild of improperly writing checks totaling $217,000. Problems continued to mushroom for Gertmenian, the Pepperdine University economics professor who was dislodged as president of the guild in an emergency meeting by a new board of directors Tuesday.
November 16, 2005 |
L. Wayne Gertmenian's tumultuous term as president and chief executive of the Jockeys' Guild ended Tuesday when the organization's reconstituted board of directors fired him and his consulting company. Gertmenian, an economics professor at Pepperdine University recommended by jockey Chris McCarron before the guild hired him in 2001, lost face after a congressional subcommittee severely criticized him during a hearing in Washington last month.