
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