Category Archives: Uncategorized

Ex-Morgan Stanley adviser arrested after allegedly defrauding NBA players out of millions

Morgan Stanley Advisor Arrested for allegedly defrauding pro athletes

March 25, 2023 Yahoo! News -Chris Cwik Former Morgan Stanley adviser Darryl Cohen was arrested Thursday after allegedly defrauding NBA players out of millions. Cohen is accused of transferring roughly $13 million from his NBA clients into his personal accounts. Cohen was charged with one count of conspiracy to commit wire fraud and one count of wire […]

4 People Accused of $13 Million in Pro Athlete Fraud Schemes

4 People accused of defrauding pro athletes out of $13 million.

March 23, 2023 New York Times -Kevin Draper Four people were arrested Thursday and charged with collectively defrauding four professional men’s basketball players out of more than $13 million, according to Damian Williams, the United States Attorney for the Southern District of New York. In one scheme, three players were allegedly persuaded to purchase more […]

Pro Athletes Say They Wanted Everyday Financial Advice but Got Cheated

PRM News- PRM Represents Pro Athletes who were cheated by their broker.

February 22, 2022 New York Times David W. Chen Around the time that Lauren Holiday helped the United States soccer team win the 2015 Women’s World Cup, she and her husband, Jrue Holiday, the N.B.A. player, visited the Southern California office of a securities broker who had come highly recommended for making prudent long-term investments. […]