The Golf Channel Needs A Mulligan

"Mulligan," in golf parlance, is the opportunity to hit a golf shot, a "do over," when the previous shot was not quite the one desired by the golfer. The "Mulligan" replaces the previous shot, which then does not count toward the golfer's score. Sometimes depending on the game and rules, the golfer pays for the "Mulligan;" sometimes it's free.

The Golf Channel may be looking for "Mulligan" after the Fifth Circuit's March 11, 2015 opinion in Janvey, Receiver for Stanford International Bank Limited, et al v. The Golf Channel Incorporated, Case No. 13-11305. For two decades, the Bank, through 130 affiliates (collectively "Stanford Financial") ran a multi-billion dollar Ponzi scheme, promising investors exceptionally high interest in CDs. As in every Ponzi scheme, early investors who get out, do well. Later investors – no so much. Starting in 2005, Stanford Financial attempted to increase awareness of its brand among high net worth individuals, through advertising on