24 Sep 2013

Pyramid scheme victim earns $13 million payday

11:57 am on 24 September 2013

Just a few years after losing most of his fortune as the victim of fraud, Swede Henrik Stenson has enjoyed a $13.5 million payday as the winner of the US PGA Tour Championship in Atlanta and the season long FedEx Cup.

Stenson shot a final round two under par 68 to claim a three shot victory at East Lake Golf Club, pocketing $1.7 million for winning the tournament and a further $12 million for finishing at the top of the season points.

While he claims money wasn't his motivation Stenson has admitted to losing a substantial sum of money in 2009 in the Stanford Financial crisis that saw Allen Stanford go to prison because of a Ponzi scheme.

World number one Tiger Woods ended his PGA Tour campaign for the year with an unimpressive tie for 22nd but, in all likelihood, will earn Player of the Year honours which are to be announced late next week.

Though he hasn't been at his best in the last three FedExCup playoff events, he has had five wins on the US circuit this season, three more than anyone else.

His main challengers for that accolade are Masters champion Adam Scott and British Open winner Phil Mickelson, but Woods is widely expected to secure the players' vote for an 11th time.

Woods hasn't won a major title since the 2008 US Open.