Lake bankrupty

[GBBob]

Originally Posted by Kasept

There is a trainer that frequents this Forum who was stretched to $400,000 in training bills by an owner. I know another who was stretched to nearly $700,000. Both likely faced professional bankruptcy as an option.

Since none of us know one iota of the circumstances surrounding Scott Lake's professional financial situation, I'd suggest withholding any judgement about the 'classiness' of the parties involved.

If you don't care for Lake because of his record of rules violations, that's fine, but it provides no insight into whatever forced him into the situation he's dealing with. I've met Lake exactly once and don't know enough about him to have an opinion.

And as an aside, when it comes to 'classlessness' there isn't much worse than kicking a guy when he's down. I'll venture to guess that within the next 12-24 months, there won't be a single one of us that aren't familiar with at least one friend, family member or business associate that will be in the same position as Lake is today.

I think the only point anyone was disputing was his comments about the article. Most weren't commenting on the legitimacy ( or non) of his BK. But when you file you have to know it's going to be out there.

[Danzig]

Originally Posted by GBBob

I think the only point anyone was disputing was his comments about the article. Most weren't commenting on the legitimacy ( or non) of his BK. But when you file you have to know it's going to be out there.

i'd imagine lake is embarrassed as hell, but i can't believe he really thought BH wouldn't pick up and run the story.

[Bigsmc]

Originally Posted by GBBob

I think the only point anyone was disputing was his comments about the article. Most weren't commenting on the legitimacy ( or non) of his BK. But when you file you have to know it's going to be out there.

That's all I was commenting on. No matter what the story is behind it, it is public record and he had to be prepared for that phone call from BH.

[The Indomitable DrugS]

Originally Posted by Kasept

And as an aside, when it comes to 'classlessness' there isn't much worse than kicking a guy when he's down. I'll venture to guess that within the next 12-24 months, there won't be a single one of us that aren't familiar with at least one friend, family member or business associate that will be in the same position as Lake is today.

Just because he's been publicly exposed as a bankrupt.... doesn't mean he's down.

He was down in '91 and '92 ... at Penn National and having won a grand total of one race over those two years.

In a 3-year span from '98 through '00 he went 413-for-1,321 (31% wins) and a God like $2.23 ROI with sprinters. Bernie Madoff couldn't even do that.

If ever a trial was held for crimes of perverting the handicapping process... Lake would without question be the one guy most guilty.

Like someone with his supernatural gift of magically transforming cheap speed sprinters is ever going to be down.

[The Indomitable DrugS]

Originally Posted by Bigsmc

That's all I was commenting on. No matter what the story is behind it, it is public record and he had to be prepared for that phone call from BH.

Most have been shocked they'd come at a little guy like him - I mean this decade alone he's won over 3,900 races and his stable has made almost $80 million in earnings - small potateos.