#investmentfraud

Fraud and Professional Athletes: Former Philadelphia Eagles Merrill Robertson Jr. Charged with $10MM

Chris McCauley, CPA, Esq.

Aug 16, 2016
5 min

Fraud and Professional Athletes: Former Philadelphia Eagles Merrill Robertson Jr. Charged with $10MM

On August 10, 2016, the Securities and Exchange Commission (SEC) announced the initiation of enforcement proceedings against former Philadelphia Eagles Merrill Robertson Jr. (Robertson), his business partner, Sherman C. Vaughn Jr. (Vaughn), and the company they jointly operated, Cavalier Union Investments, LLC (Cavalier), for allegedly carrying out a $10MM Ponzi scheme that included senior citizens and former coaches, donors, alumni and employees of schools previously attende

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Fraud and Professional Athletes: Ohio Man Charged with Defrauding NFL Players in Horse-Racing Scheme

Chris McCauley, CPA, Esq.

Jul 15, 2016
2 min

Fraud and Professional Athletes: Ohio Man Charged with Defrauding NFL Players in Horse-Racing Scheme

As first reported by Cleveland.com, several former Cleveland Browns players, one current Denver Broncos receiver and one San Diego Chargers running back player fell victim to a horse-racing scheme carried out by Jonathan Pippin, 29, of Logan, Ohio. "Cleveland Browns New Helmet" by Erik Drost is licensed under CC BY 2.0. Those players would later be identified as Chansi Stuckey (Cleveland Browns), Reggie Hodges (Cleveland Browns), Jordan Norwood (Denver Broncos) and Danny Wood

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Fraud and Professional Athletes: Dallas Cowboys RB Darren McFadden Files $15M Lawsuit Against Former

Chris McCauley, CPA, Esq.

Jun 23, 2016
11 min

Fraud and Professional Athletes: Dallas Cowboys RB Darren McFadden Files $15M Lawsuit Against Former

As a professional athlete, you're probably already aware of a target on your back, be it a target placed by fans, haters, instigators, advertisers, agents, family members and so on. Depending on who is doing the targeting, the reasons for those targets could be based upon good or evil intentions. When it comes to investing in business opportunities, however, the reason for your being a target is pretty straightforward: money (and this could be good or evil). Fortunately, fede

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Fraud and Professional Athletes: Mark Sanchez, Jake Peavy and Roy Oswalt Fall Victim to $30 Million

Chris McCauley, CPA, Esq.

Jun 22, 2016
7 min

Fraud and Professional Athletes: Mark Sanchez, Jake Peavy and Roy Oswalt Fall Victim to $30 Million

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

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Fraud and Professional Athletes: Financial Advisor Defrauds Athletes out of $2,350,000

Chris McCauley, CPA, Esq.

May 29, 2016
4 min

Fraud and Professional Athletes: Financial Advisor Defrauds Athletes out of $2,350,000

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

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Business Owner Dupes Investor Out of $8.1 Million with Claims of Gold and Energy Efficiency Technolo

Chris McCauley, CPA, Esq.

May 22, 2016
5 min

Business Owner Dupes Investor Out of $8.1 Million with Claims of Gold and Energy Efficiency Technolo

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

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Chris McCauley, CPA, Esq.

May 22, 2016
2 min

What is a Ponzi Scheme?

There are a number of ways investment fraud can be committed. Knowing the various strategies fraudsters attempt to use to take your money is key to knowing how to protect yourself. One of the most common investment frauds is a Ponzi scheme. A Ponzi scheme is a fraudulent investment system where an individual, firm or company takes investment funds from a round of new investors and uses those funds, instead of profit from the business, to pay a "return" on the investment funds

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