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SEC Charges Financial Adviser for Misappropriating More Than $1 Million From Current, Former NBA Players

Securities and Exchange Commission

Securities and Exchange Commission v. Darryl Matthew Cohen SEC Complaint The Securities and Exchange Commission today charged Darryl Matthew Cohen, a former investment adviser at a large financial institution, with misappropriating more than $1 million from three current and former NBA players over a period of two and a half years. According to the SEC’s […]

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Financial Advisor, Financial Planner, NBA Agent, And Previously Convicted Fraudster Charged With Schemes To Defraud Professional Basketball Players

Department of Justice U.S. Attorney's Office SDNY

United States of America v. Darryl Cohen, Brian Gilder, Charles Briscoe, and Calvin Darden, Jr. Indictment Four Professional Basketball Players Defrauded of Over $13 Million Damian Williams, the United States Attorney for the Southern District of New York, and Michael J. Driscoll, the Assistant Director in Charge of the New York Field Office of the […]

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LA broker at lead firm that sold GWG bonds hit with complaints


Tony Barouti, a Los Angeles-based broker registered with Emerson Equity, is facing multiple investor complaints stemming from the sale of bonds underwritten by GWG Holdings Inc., which declared bankruptcy this week. According to the website for GWG Holdings, Emerson Equity, a San Mateo, California-based broker-dealer that primarily sells private placements, is the managing broker-dealer for […]

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Pro Athletes Say They Wanted Everyday Financial Advice but Got Cheated

New York Times

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. Experienced? The broker had two decades with blue-chip firms […]

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Report – Jrue and Lauren Holiday allege fraud by Morgan Stanley broker

Milwaukee Journal Sentinel

According to a report from the New York Times, Milwaukee Bucks point guard Jrue Holiday and his wife, Lauren have joined two former NBA players in a lawsuit against Morgan Stanley and a former broker for inappropriately distributing money that is now unaccounted for. The Holidays, Chandler Parsons and Courtney Lee allege Morgan Stanley broker Darryl […]

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