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Originally Posted by stonegossard
Straight from their website:
Michael Iavarone
Co-President/Co-CEO
Iavarone will oversee the every day operation of International Equine Acquisitions, making final decisions on the selection and acquisition of horses and managing financial responsibilities.
Iavarone brings to IEAH a wide array of business knowledge encompassing all the necessary tools to run a successful company. His talents garnered him a reputation as a high-profile investment banker on Wall Street, and he brings his passion for the action packed environment of Wall Street to the similarly exciting world of Thoroughbred racing.
For those who dont know he was NOT an investment banker. He was a scam artist who worked for a penny stock brokerage house. Basically they call up old ladies/unsuspecting people who have a few bucks and try and sell them stocks in scam companies. Firms like the one Iavarone worked for own the stocks and sell them to people who dont know better/were convinced by scum like Iavarone that the company is good. The firm makes money and leaves the client holding the bag. The guy has numerous SEC charges against him and the firms he has worked for have been sued then shut down. I wish him luck starting a hedge fund with his past. Watch the movie Boiler Room to see what this dirtbag is all about.
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Love Boiler Room. Vin Diesel was awsome!!!
Really, you need to check on the history of recent Triple Crown owners.
IMO, Iavarone isn't 1/2 the azzhole Affirmed's owner, Louis Wolfson, was. If a multiple-convicted felon ex-con like Wolfson who also brought down the guy who was nominated as Chief Justice of the Supreme Court can own a horse, then why not Iavarone?
But wait, there's more! Seattle Slew's owners fired their trainer LESS THAN A MONTH AFTER WINNING THE TRIPLE CROWN. OK. sh!t happens. But then they screwed him real good by not giving him a breeding share in the horse.
It's hard to top those two owners for being less than perfet role models.
If you have a problem, it should be with the people who regulate the sport.
For the record, the Chenery woman seemed a decent sort.