Did you know NBA and NFL Players are targeted off the field by investment fraud?

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(Last Updated On: October 5, 2011)

Did you know NBA and NFL Players are targeted off the field by investment fraud?

Investment Fraud: NFL Players Targeted Off the Field wallstreetfraudblog.com

NFL players earn millions of dollars every year for their play on the field. Therefore, it may not be surprising that they are often the targets of investment fraud.


Reminds me of the infamous Depression-era gangster, when asked why he robbed banks, replied “because that’s where the money is.”


This is not a new development. Most NFL players are between the ages of 21 and 30 with little or no business experience and a lot of money to spend. Without experienced guidance, a good con man with a rehearsed sales pitch can get them to shell out huge sums of money. I have experience working a case wherein a con man convinced NHL players to invest in land development projects when he didn’t own the land. He had an excuse every time he was questioned by the investors as to why the project wasn’t progressing. Ultimately, he simply took the money and ran all the way back to Canada! All it takes for these players not to get fleeced is for them, or someone they trust, to do some background work on the legitimacy of salesperson.


, I also have experience with an NFL player who is – well, he is doing VERY well for himself because he got himself a good AGENT in the very beginning and truly is now set for life. And, yet, he continues to work “24/7” because that is the way he is raised – “J, my parents told me that ‘NOTHING in life is easy nor is the easy life promised to ANYone’ ! ”

Yes, he also had good parents !!!

On the other hand, I met a basketball player who after signing a MULTI-million dollar contract has “nada” now !!!!!!


I wonder what the stats are for the NBA or MLB? 78%? I wonder why Congress hasn’t investigated this? Maybe we need a czar.



NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!
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Hi i there My name is Bryan Downing. I am part of a company called QuantLabs.Net This is specifically a company with a high profile blog about technology, trading, financial, investment, quant, etc. It posts things on how to do job interviews with large companies like Morgan Stanley, Bloomberg, Citibank, and IBM. It also posts different unique tips and tricks on Java, C++, or C programming. It posts about different techniques in learning about Matlab and building models or strategies. There is a lot here if you are into venturing into the financial world like quant or technical analysis. It also discusses the future generation of trading and programming Specialties: C++, Java, C#, Matlab, quant, models, strategies, technical analysis, linux, windows P.S. I have been known to be the worst typist. Do not be offended by it as I like to bang stuff out and put priorty of what I do over typing. Maybe one day I can get a full time copy editor to help out. Do note I prefer videos as they are much easier to produce so check out my many video at youtube.com/quantlabs