Earlier this week, the Securities and Exchange Commission (SEC) unsealed a securities fraud case that involved at least three high profile professional athletes who fell victim to a more than $30,000,000 investment scheme. Although the SEC Complaint kept the names anonymous, a report by Bloomberg revealed those high-profile athletes to be: Denver Broncos QB Mark Sanchez, Retired pitcher, NLCS MVP (2005) and 3x All-Star Roy Oswalt and San Francisco Giants Pitcher, 3x All-Star
Louis Martin Blazer III (Blazer) founded and operated a capital management firm (Blazer Capital) and investment advisory firm (Blazer Advisors) that targeted professional athletes and other high net worth individuals. The nature of the services provided by Blazer Capital and Blazer Advisors consisted of personal services, i.e., paying bills and managing other aspects of their personal lives and financial commitments, and performing traditional advisor services. While in his
On a regular basis, the Securities and Exchange Commission (SEC) will publish its claims against alleged violators. The frequency in which the SEC and whistleblowers uncover investment fraud is high and happens with advisors, brokers and money managers that were once trusted professionals. As a result, vigilance and the willingness to blow the whistle should never end for an investor.
In this post, we'll go over an investment fraud that proves being skeptical about what y