Former Vancouver Canucks’s Defenseman, Jason Garrison, is suing his financial advisers, alleging fraudulent financial advice for the purpose of personal profit. The suit claims the financial adviser, Richard Jones sold Jason Garrison a series of unsuitable investment vehicles and insurance policies, which cost him more than $27.6 million.

In a reversal of the typical story that grabs the headlines, former NFL linebacker Mychal Kendricks and former Goldman Sachs banker Damilare Sonoiki have been charged with insider trading over profits totally approximately $1.2 million. 

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.