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Old 03-31-2009, 12:27 PM
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McMurray trying to gain access to frozen accounts

McMurray trying to gain access to frozen accounts: #26-Jamie McMurray is trying to gain access to five investment accounts frozen in the multi-billion-dollar fraud investigation of Stanford Financial Group. Some of the funds in the accounts are used to pay expenses associated with his racing team, including employees, according to a filing in Dallas federal court. McMurray's Chicago-based attorney did not respond to phone and email messages Monday evening. According to a filing in Dallas federal court, NASCAR driver Jamie McMurray will likely not have enough cash to take care of his income taxes by April. McMurray's motion, filed late Friday, says he did purchase one of the problematic CDs from Stanford International Bank, but it is held independently from his frozen accounts. A total of more than $308,000 was deposited into two of McMurray's accounts on Feb. 17 and 18. These were "direct cash deposits in connection with McMurray's employment as a NASCAR driver and are unequivocally not connected with the alleged fraud," his filing says. A Feb. 16 court order froze Stanford accounts. Since then, most accounts have been unlocked. But the court-appointed receiver is still sorting through accounts with possible links to the CDs. The filing said McMurray will likely have to file an extension on his income taxes because he doesn't have enough cash available otherwise.(Dallas Morning News)(3-31-2009)
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