Sunday, March 26, 2023

Fiancial advisor charged with defrauding NBA players out of millions

Among other things, he allegedly "directed the basketball players to give donations to a nonprofit, which he ultimately used to build athletic facilities in his backyard." 

The article's headline and first sentence start with "Ex-Morgan Stanley advisor" and "Former Morgan Stanley advisor", since he was fired in 2021, but:
[He] was an advisor for Morgan Stanley from 2015 to 2021, according to his Financial Industry Regulatory Authority profile. The DOJ said in its indictment document that the alleged fraud schemes took place from roughly 2017 to 2020.

Totally separate allegations, too.