Pro Athletes Swindled by Investment Advisors, Friends, and Family
News broke recently that several pro athletes, including former Philadelphia Eagles’ quarterback, Mark Sanchez, and former Phillies pitcher Roy Oswalt, were bilked for millions of dollars by an investment advisor running a Ponzi Scheme-like operation.
Low-Risk Investment Strategy, High-End Scam
Professional athletes offer fraudulent advisors, brokers, friends, and family an irresistible target for their schemes. The typical pro athlete is young and, as an investor, woefully unsophisticated. They also have a lot of money which needs investing. No wonder every few months or even weeks, we read another story about pro athletes getting swindled.
Here’s a story that did not make the news. Last year, Green, Schafle & Gibbs quietly settled a major lawsuit on behalf of its former NHL hockey player client against that player’s former best friend for fraud and mismanagement.
Pennsylvania & New Jersey Securities Law Firm
If you or anyone you know has been the victim of financial misconduct or investment fraud, please contact us immediately for a free consultation at 1-855-462-3330 or by using our online contact form.