Down on his luck after retiring from the NFL following a 2001 Super Bowl win, and now in his mid-40s, Larry Webster listened carefully as a lawyer in Tallahassee, Florida, told him that he was guaranteed a 6-figure check from the newly inked NFL Concussion Settlement. The plight of Webster and numerous other retired NFLers is told in extraordinary detail in an investigative report by Law360’s Ryan Boysen.
Permanent link to this article: https://advocacyforfairnessinsports.org/feature-stories/financial-fraud/report-brain-damaged-ex-nflers-defrauded-in-multi-layered-scam/
Permanent link to this article: https://advocacyforfairnessinsports.org/feature-stories/financial-fraud/
On August 28, the Securities Exchange Commission (SEC) filed a complaint in the Northern District of Florida detailing unbridled fraud against cognitively impaired retired NFL players by a lawyer who once represented them.
Permanent link to this article: https://advocacyforfairnessinsports.org/nfl-concussion-settlement/sec-sues-lawyer-for-defrauding-cognitively-impaired-ex-nflers/
Down on his luck after retiring from the NFL following a 2001 Super Bowl win, and now in his mid-40s, Larry Webster listened carefully as a lawyer in Tallahassee, Florida, told him that he was guaranteed a 6-figure check from the newly inked NFL Concussion Settlement. The plight of Webster and numerous other retired NFLers is told in extraordinary detail in an investigative report by Law360’s Ryan Boysen.
Permanent link to this article: https://advocacyforfairnessinsports.org/nfl-concussion-settlement/report-brain-damaged-ex-nflers-defrauded-in-multi-layered-scam/
Far too often, a million-dollar fraud against a pro athlete will occur, and the chorus of responses from those in the sports industry follows a similar theme for athletes to “trust their team” of advisors.
This is the wrong response for a number of reasons. Do these industry folk really think that the athlete didn’t fully trust his advisor in the first place? They blindly trusted this advisor, giving the fraudster the opportunity to steal their money …
Permanent link to this article: https://advocacyforfairnessinsports.org/feature-stories/financial-fraud/how-why-financial-advisors-defraud-pro-athletes/
Permanent link to this article: https://advocacyforfairnessinsports.org/2019/03/09/the-epidemic-of-fraud-against-professional-athletes/
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