McCarron Signed Blank Forms : Jurisprudence: Jockey says agreements for investments were filled in later by firm he and Pincay are suing.

Jockeys Laffit Pincay and Chris McCarron, testifying in federal court in Los Angeles about their former business manager, said Tuesday that they would not have approved numerous investments if they had known that the deals were being made with overlapping companies.

The Hall of Fame jockeys are suing the Andrews Management Corp., which invested $1.69 million on behalf of Pincay over a 19-year period and $759,000 for McCarron over nine years. Pincay ended his relationship with Andrews Management in September of 1987, and McCarron dropped the Beverly Hills-New York-Connecticut company about five months later.

The jockeys agreed to pay Andrews 5% of their gross income from riding for money-management programs that included a variety of investments, including a hotel in Hawaii, a shopping center in Florida, townhouses in Ohio, oil and gas drilling in West Virginia and and a movie that had a working title of “Hunchback of the Morgue.�

McCarron, under questioning from his attorney, Neil Papiano, said that Vincent Andrews Jr.’s fees for some of the investments exceeded the agreed 5% because Andrews was putting money into companies that he and his brother, Robert, also had interests in.

McCarron said that he sent Andrews Management checks and signed blank agreements for the investments that were filled in later.

The Andrews brothers have represented other jockeys, including Hall of Famers Bill Shoemaker, Angel Cordero and Jorge Velasquez.

Pincay said that he had considered including Vincent Andrews Jr. in his will.

“I trusted him,� Pincay said. “I thought he was my friend.�

The attorney for the Andrews brothers, Robert Esensten, has said that Pincay and McCarron gave his clients permission to make the investments.

Regarding a reference in The Times on Tuesday to litigation against the Andrews brothers by Cordero and Velasquez, Esensten said: “That has been resolved. How was it resolved? That’s confidential.�

Cordero now trains horses in New York. From his home Tuesday night, he said: “(The Andrews brothers) were charging me 4% (of gross earnings), but it turned out to be more like 8%. They didn’t do right by me, but I didn’t have the proof and the records to do anything about it. There was something wrong. They were handling five or six of the top riders in the country, and they couldn’t make anything for them.�