Giants

Lawsuit Alleges Giants’ Zito Was Duped Out Of $3M In ‘Software Scheme’

View Comments
Barry Zito

Barry Zito pitched against the Angels during a spring training game on Feb. 27, 2013 in Tempe. (Christian Petersen/Getty Images)

San Francisco Giants
Upcoming Games

Buy Giants Tickets Full Schedule
Monday Apr 13
vs. Rockies
Tuesday Apr 14
vs. Rockies
Wednesday Apr 15
vs. Rockies
Giants Central
Shop Team Gear
Shop Tickets

MLB Scoreboard
MLB Standings
Team STATS
Team Schedule
Team Roster
Team Injuries

SAN FRANCISCO (CBS Sports) — San Francisco Giants pitcher Barry Zito has filed a lawsuit for $3 million against a former friend for allegedly duping him out of that money in a “fitness software scheme that never materialized.”

According to Courthouse News Service, Zito claims Michael Clark used their friendship to gain the trust of Zito and convince him to make a $3 million investment in a startup company, dotFIT LLC, that was in the midst of raising $20 million worth of equity.

As things turn out, according to the Zito camp, the company never had close to that in equity but paid employees “unreasonably high salaries” and bonuses while allegedly taking part in insider loans and other nefarious activities. There were also, per Zito’s attorneys, several areas in which the agreement between Zito and Clark was breached.

Zito is heading into the final season of his seven-year, $126 million contract with the Giants; the $3 million at stake in the lawsuit is about 15 percent of his 2013 salary.

(Copyright 2013 CBS San Francisco and CBS Sports. All rights reserved.)

View Comments
blog comments powered by Disqus
Follow

Get every new post delivered to your Inbox.

Join 56,843 other followers