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Shortly after the market closed today, I got one of my familiar MarketWatch.com bulletins in my in-box. But it wasn't concerning after-hours earnings or the Dow's (latest) triple-digit drop. Rather, it simply stated: "Home-run king Barry Bonds indicted on perjury, obstruction of justice charges."

Yowsa. While everyone always just assumed Bonds used the juice at some point in his career, I think this comes as a surprise to many sports fans. A federal grand jury has accused Bonds of lying under oath when he said he was unaware that substances handed out by personal trainer Greg Anderson were steroids. Bonds has also maintained that he did not use steroids in 2001, as he chased the single-season home-run record, then held by Mark McGwire.

According to MarketWatch, John Burris, "one of" Bonds' lawyers, told San Francisco radio station KCBS the Bonds would plead "not guilty." Burris also asserted that Bonds "will be found not guilty." Burris says the indictment was a shock, as the government doesn't have proper evidence to bring such a claim.

Continue reading Barry Bonds facing 30 years in jail and a rough financial future

Barry Bonds facing 30 years in jail and a rough financial future originally appeared on BloggingStocks on Thu, 15 Nov 2007 20:37:00 EST. Please see our terms for use of feeds.

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Barry Bonds was indicted Thursday for perjury and obstruction of justice. It may very well be that the all-time home run record holder will be spending a lot more time in court rooms and with attorneys than playing baseball next season.

  • "A federal grand jury slaps the San Francisco Giants' slugger with perjury and obstruction of justice charges. The charges come after a four-year investigation into whether the home run king lied under oath to authorities investigating the abuse of performance enhancing drugs in professional sports."

Late in the season the Giants let it be known that they were not interested in having him in the line-up next year. As a free agent Bonds certainly would have plenty of value to an American League team looking for a Designated Hitter (DH) and he would like to put the record far out of reach, I'm sure. This saga looks likely to continue for years. However, this indictment alone may cost him the opportunity to build on his record and may very well put the proverbial asterisk next to it.

I'm sure there will be those that will say his record is not legitimate; that has already been the case. I say the record is the record. The rest of the story is, and will continue to be well documented.

Continue reading Barry Bonds indicted for perjury and obstruction of justice

Barry Bonds indicted for perjury and obstruction of justice originally appeared on BloggingStocks on Thu, 15 Nov 2007 20:15:00 EST. Please see our terms for use of feeds.

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