kickbacks alleged in suit

[Rupert Pupkin]

Originally Posted by Bold Brooklynite

The story doesn't make the allegations completely clear.

Were the McKathans supposed to be working for McIngvale ... but taking kickbacks from the consignors of the horses they recommended?

Took many "Mc" names in this McSuit.

Yes, that is correct. The McKathans were working for McIngvale and they were getting kickbacks from consignors.

[Rupert Pupkin]

There are some trainers who are known for totally ripping off their owners when they buy horses for them. It's amazing that everyine knows about it except for the owner. There is one trainer in particular who is pretty brazen about it. Any time you see that he bought a horse for $1 million at auction, everyone knows that he pocketed at least $100k on the deal.

This trainer usually picks out nice horses but the prices he pays are way out of whack. For example, you will see a horse with dead-average breeding that has a good workout at a 2 year old sale. It will be the type of horse that you would expect to go for somewhere around $300,000-$400,000, but it is always possible that the horse could go for a little higher. The horse will end up being bought by the trainer I was referring to for over $1 million. It is often times from the same consignor. All the insiders just shake their heads and say, "We all know that "Mr X" pocketed $100,000-$200,00 on that deal."

The thing that is surprising about it is that often times there is a paper trail, so if an owner does decide to sue, his case will be easy to prove.

[Scurlogue Champ]

Originally Posted by Rupert Pupkin

There are some trainers who are known for totally ripping off their owners when they buy horses for them. It's amazing that everyine knows about it except for the owner. There is one trainer in particular who is pretty brazen about it. Any time you see that he bought a horse for $1 million at auction, everyone knows that he pocketed at least $100k on the deal.

This trainer usually picks out nice horses but the prices he pays are way out of whack. For example, you will see a horse with dead-average breeding that has a good workout at a 2 year old sale. It will be the type of horse that you would expect to go for somewhere around $300,000-$400,000, but it is always possible that the horse could go for a little higher. The horse will end up being bought by the trainer I was referring to for over $1 million. It is often times from the same consignor. All the insiders just shake their heads and say, "We all know that "Mr X" pocketed $100,000-$200,00 on that deal."

The thing that is surprising about it is that often times there is a paper trail, so if an owner does decide to sue, his case will be easy to prove.

Surely you aren't talking of your favourite trainer Mr. Dead Duck are you, Richi?

[Rupert Pupkin]

Originally Posted by moodwalker

Surely you aren't talking of your favourite trainer Mr. Dead Duck are you, Richi?

The funny thing is I was actually talking about someone else although the person you are referring to is well known for that too.

[Scurlogue Champ]

Originally Posted by Rupert Pupkin

The funny thing is I was actually talking about someone else although the person you are referring to is well known for that too.

You aren't talking about the "I grow pot right outside of my barn at Santa Anita" trainer are you?

[Rupert Pupkin]

Originally Posted by moodwalker

You aren't talking about the "I grow pot right outside of my barn at Santa Anita" trainer are you?

I actually don't even know who you are talking about. I didn't know there was a trainer that grows pot by their barn.

Check your message box. I'm going to send you a private message.

[philcski]

I'd believe the suit a lot more if it were anybody besides McIngvale, who's a total nut of an owner.

All I have to say is what the hell did you spend $950K on a Menifee colt out of an average mare for in the first place??

Originally Posted by Rupert Pupkin

Yes, that is correct. The McKathans were working for McIngvale and they were getting kickbacks from consignors.

Thanks, Rupe.