Lawsuit Demands Audit
Ousted Jockeys’ Guild treasurer Eddie King Jr. has filed a lawsuit demanding an audit of the organization’s finances. Among other things, the suit gives some insight into Guild president Wayne Gertmenian’s fundraising strategy: “Dr. Gertmenian, emphasizing the fact that he had a Ph.D., and that Mr. King had a limited educational background, informed Mr. King that he wished to divest the fund of $1-million to create the illusion that the fund was in financial trouble, thereby encouraging donations from wealthy benefactors of the fund.” (Thoroughbred Times)
Related: “Kent Desormeaux, a board member of the Jockeys’ Guild, said Tuesday that he has begun an inquiry into the qualifications of the organization’s president, L. Wayne Gertmenian.” (Daily Racing Form)
Also: “The management company that represents jockey Jerry Bailey sent a cease and desist letter to Jockeys’ Guild president Dr. Wayne Gertmenian and Guild vice president Albert Fiss Nov. 19. The letter requested they stop accusing Bailey of having played a role in canceling insurance policies that benefited jockeys.” (Blood-Horse)
