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

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 fraud. If found guilty, Cohen could face up to 20 years in prison for each charge.

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