Former Financial Advisor and NBA Agent Charged in $13 Million Fraud Scheme Targeting Pro Athletes
TL;DR
Four individuals, including a financial advisor, financial planner, and NBA agent, have been charged with defrauding professional basketball players of over $13 million in two separate schemes. The charges include wire fraud, investment advisor fraud, and aggravated identity theft. The defendants allegedly used various tactics, including fraudulent life insurance policies and non-profit donations, to steal money from their clients. The FBI and U.S. Securities and Exchange Commission were involved in the investigation.
Topics:businesscrime#crime#financial-advisor#fraud#nba-agent#professional-basketball-players#wire-fraud
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