Federal agents investigate multimillion-dollar scam concerning NFL and NBA players

Posted on April 21, 2013 • Filed under: Scam, United States

As reported by Tracking.si.com federal investigators are looking to talk to multiple NFL and NBA players concerned that they may have been ensnared in an $18 million investment scheme, reports Yahoo! Sports. The U.S. Department of Justice, the Federal Bureau of Investigation and the U.S. Securities and Exchange Commission are heading up the investigation saying that Jade Management had more than 30 athletes who purchased high interest investments. Those investments are thought to be fraudulent. Read Article

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