David Checketts, an investor and owner of sports teams, approached me in late May about investing in the St. Louis Rams football franchise. As a football fan, I was intrigued. I invited him to my home where we discussed it further. Even after informing him that some people might try to make an issue of my participation, Mr. Checketts said he didn't much care. I accepted his offer.

It didn't take long before my name was selectively leaked to the media as part of the Checketts investment group. Shortly thereafter, the media elicited comments from the likes of Al Sharpton. In 1998 Mr. Sharpton was found guilty of defamation and ordered to pay $65,000 for falsely accusing a New York prosecutor of rape in the 1987 Tawana Brawley case. He also played a leading role in the 1991 Crown...