the ponzi scheme you never heard of

[alocispepraluger102]

http://www.forbes.com/sites/agoodman/2013/06/27/the-ponzi-scheme-youve-never-heard-of-that-cost-nfl-nba-players-millions/?utm_campaign=forbestwittersf&utm_source=twitter&utm_medium=social

"Though not specifically named in the complaint, many of the 58-clients are known to be current or former NFL and NBA players represented by Jinesh “Hodge” Brahmbhatt, who was a Registered Player Financial Advisor with the National Football League Players Association (NFLPA). His company, Jade Wealth Management, based in McLean, Virginia and established in 2008, accrued high profile investors such as Victor Cruz, Vernon Davis, Jared Odrick, and Brandon Knight. FINRA’s report alleges that Jade investment managers recommended athletes to STS; some introductions to STS were made directly by Brahmbhatt, himself. In return, since March of 2009, STS is alleged to have made at least $1.25 million in payments to Jade."