New York Observer writes: What’s with retired athletes having second careers as financial criminals?It’s not going anywhere, is what’s with it. After all, it was just last month when former MLB All-Star third baseman Doug DeCinces was busted for insider trading. But eh, baseball players are practically taught to cheat that way; Joe Mauer steals signs in broad daylight!
But an NBA player running an entire ponzi scheme? That’d be impressive. And in former New Jersey Nets and Milwaukee Bucks player Tate George’s case, it kind of is, especially when you consider the magnitude of the lies he told, and who he targeted: he told his investors he had $498M more than he had in his portfolio.
What kind of investors would believe that?
Find out more at http://www.observer.com/2011/09/financial-criminal-of-the-day-retired-nba-star-turned-ponzi-schemer/
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