Over more than 20 years at Buffalo Trace, Curtsinger had worked his way to a senior position on the loading dock, but it wasn't necessarily clear where he might go from there. ... Still, what might drive a man with a wife and two kids, who's worked some two decades for the same company, to start stealing from his employer? The simple explanation might be that bourbon prices were soaring and that stealing it was pretty easy. Buffalo Trace has 450 employees spread across 440 acres, and more bourbon aging in its 15 warehouses than at any time since the 1970s. ... Curtsinger started small. According to the investigation, around 2008 he began lifting bottles from display cases at the distillery. As a precaution, he would casually ask co-workers about security cameras around the facility. Curtsinger could be a generous colleague, loaning cash to co-workers but then asking that they repay him in stolen bottles. Eventually he got bolder: One night Curtsinger loaded more than 50 cases of Eagle Rare onto a pickup truck that was so weighted down it bottomed out on his driveway when he got home. ... Business was brisk, but there were only so many bottles of Pappy to be found, and eventually Curtsinger started stealing entire barrels, each containing the equivalent of around a hundred bottles.
The verb to use in polite company is “cover.” The stud covers the mare. Or: About 11 months after she was covered, the mare gave birth to a healthy foal. ... The deed itself, here in the hills of Kentucky horse country, is governed by strict rules. Section V, paragraph D of The American Stud Book Principal Rules and Requirements is clear: “Any foal resulting from or produced by the processes of Artificial Insemination, Embryo Transfer or Transplant, Cloning or any other form of genetic manipulation not herein specified, shall not be eligible for registration.” No shortcuts, no gimmicks. All thoroughbreds must be the product of live, all-natural, horse-on-horse action. ... two weeks after American Pharoah retired, his 2016 stud fee was set at $200,000, the highest ever for an unproven, first-year stallion. Only one other active stud—a tested, 15-year-old veteran named Tapit—commands that much per successful cover. Tapit’s first-year fee was $15,000; his rate rose to its current $300,000 only after a decade of producing stakes-winning foals. ... Successful stallions are routinely matched with more than 100 mares in a five-month breeding season. Particularly energetic ones might cover as many as 200 a year. If American Pharoah produces several seasons of healthy and fast foals, standard pricing norms suggest that his stud fee will multiply exponentially. Very quickly, the $8.6 million he earned during his racing career would begin to look like small change.