Professional Athletes: Fraud, Investing and Lawsuits

 

We work with professional athletes on a variety of asset protection and business related issues. Although surrounded by managers and agents, they are often victimized by fraud schemes and increasingly coming under fire themselves, in many cases after making bad moves due to financial pressures. Here are 3 recent articles on these exposures, check the index to the right for others. – Ike Devji

 

 

College Football Hall Of Famer Charged With Ponzi Scheme

The SEC charged a former University of Georgia football coach and ESPN analyst with running an $80 million Ponzi scheme using assets from other coaches and former players.  

http://www.proassetprotection.com/wp-admin/post-new.php

 Ex-Dallas Cowboy Sentenced  In Scam

A former Dallas Cowboys linebacker was sentenced to four and a half years in prison for his role in a $20.5 million mortgage fraud that traded on his association with the NFL

http://www.fa-mag.com/news/ex-dallas-cowboy-sentenced-in-scam-12833.html?section=43

Football Star Vince Young Sues Advisors

Former Buffalo Bills quarterback Vince Young sued his former financial advisor and former agent for fraud and breach of contract. 

http://www.fa-mag.com/news/football-star-viince-young-sues-advisors–10972.html

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