Vijay Offered $500K for Bail of Pal Stanford

By Harry Kimball,  Newser Staff
Posted Jun 26, 2009 2:23 PM CDT
Vijay Offered $500K for Bail of Pal Stanford
Stanford in court yesterday.   (AP Photo)

Vijay Singh is sticking by embattled buddy and alleged swindler R. Allen Stanford. The star golfer, who's been sporting the Stanford Companies logo even though he no longer gets paid to do so, offered to put up $500,000 of the billionaire’s bail, reports CNBC. He was denied the honor because he is not a US citizen.

“Vijay's opinion is that Stanford has yet to be proven guilty and until then has chosen to act supportively,” a rep for the golfer said. Even without Singh’s help, Stanford managed to scrape up some cash for a $2 million bond and a $100,000 deposit, though a Houston judge today stayed his release until at least Monday after prosecutors filed a motion that Stanford might flee, the Chronicle adds. (More Vijay Singh stories.)

Get the news faster.
Tap to install our app.
Install the Newser News app
in two easy steps:
1. Tap in your navigation bar.
2. Tap to Add to Home Screen.