Baseball for the Thinking Fan

Login | Register | Feedback



All News | Prime News

Old-School Newsstand


Jim Furtado
Founder & Publisher
Editor - Baseball Primer


Roy Oswalt Newsbeat

Wednesday, June 22, 2016


The Wilpons are interested!

The business was never viable, running operating losses of more than $3 million for four straight years. “To be sure,” Harmon wrote to Narayan in a May 2014 email, “our revenue sucks. Our balance sheet is a disaster.” Ticket Reserve would have been sunk if not for the fact that Narayan stole money from Oswalt, Peavy, and Sanchez and redirected it to TTR without their consent or knowledge. This was how Narayan “raised” 90 percent of of TTR’s investment capital. For his efforts, TTR paid Narayan finder’s fees of more than $1.8 million.

Oswalt did agree to invest $300,000 in TTR, but instead of deducting the agreed upon sum, Narayan removed over $7 million from his account. Sanchez agreed to invest $100,000, but instead of doing that, Narayan perplexingly removed $7 million from Peavy’s account, who never even heard of TTR, much less agreed to invest in it. To authorize all these transfers, Narayan forged signatures.

Narayan’s partners at TTR helped cover up the fraud, according to the lawsuit, by engaging in “Ponzi-like payments”—using new fraudulently-obtained proceeds to cover the tracks of old ones.

RoyalsRetro (AG#1F) Posted: June 22, 2016 at 09:16 AM | 4 comment(s)
  Beats: finances, financial advisers, jake peavy, roy oswalt



BBTF Partner

Support BBTF


Thanks to
Dock Ellis on Acid
for his generous support.


You must be logged in to view your Bookmarks.

Hot Topics

NewsblogOTP 2016 October 24: Breitbart Radio Exclusive: Curt Schilling Joins Breitbart News Rotation Weekdays 9AM to 11AM ET
(802 - 8:31pm, Oct 27)
Last: Greg K

NewsblogPrimer Dugout (and link of the day) 10-27-2016
(17 - 8:29pm, Oct 27)
Last: BDC

NewsblogGold Glove Award finalists |
(10 - 8:26pm, Oct 27)
Last: snapper (history's 42nd greatest monster)

NewsblogOT: NBA 2016-17 Preseason Thread
(346 - 8:11pm, Oct 27)
Last: Los Angeles El Hombre de Anaheim

NewsblogThe Human Splinter
(23 - 8:03pm, Oct 27)
Last: vortex of dissipation

Gonfalon CubsGame 2 Feelings
(92 - 8:01pm, Oct 27)
Last: Dag Nabbit at This is why baseball is so white
(26 - 8:00pm, Oct 27)
Last: Captain Supporter

NewsblogCubs top Indians to even World Series |
(24 - 7:08pm, Oct 27)
Last: bunyon

NewsblogWorld Series spotlight shifts to Chicago and Wrigley Field
(52 - 6:58pm, Oct 27)
Last: CFiJ

NewsblogRob Manfred Hints At Meeting With Indians Ownership To Discuss Racist Logo
(55 - 6:48pm, Oct 27)
Last: David Nieporent (now, with children)

NewsblogJose Altuve voted Sporting News MLB Player of the Year for 2016
(8 - 6:29pm, Oct 27)
Last: villageidiom

NewsblogCutting class for the World Series is a valid excuse in Ohio
(19 - 6:12pm, Oct 27)
Last: Fernigal McGunnigle

NewsblogESPN: Jose Fernandez, friends reportedly had strong odor of alcohol after deadly boat crash
(8 - 5:54pm, Oct 27)
Last: Jeff Francoeur's OPS

NewsblogYankee Stadium being updated with new areas for fans
(17 - 5:46pm, Oct 27)
Last: gehrig97

NewsblogThe Strange Story of Why Belize is Full of Chicago Cubs Fans
(2 - 5:39pm, Oct 27)
Last: What did Billy Ripken have against ElRoy Face?

Page rendered in 1.2613 seconds
45 querie(s) executed