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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 M. Cohen diverted about $7.7 million of their money to “dubious individuals and entities,” per the New York Times report. The report says Morgan Stanley terminated Cohen’s employment in March 2021.

The Holidays assert Cohen misappropriated $2.3 million.

According to the report, former Milwaukee Brewers outfielder Nyjer Morgan also had litigation over improper use of his personal funds against Cohen and received a settlement.