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
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
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
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
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