{"id":1360,"date":"2013-12-18T21:18:03","date_gmt":"2013-12-18T21:18:03","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2013\/12\/exnfl_running_back_ricky_willi"},"modified":"2022-07-22T08:36:58","modified_gmt":"2022-07-22T13:36:58","slug":"exnfl-running-back-ricky-willi","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/exnfl-running-back-ricky-willi\/","title":{"rendered":"Ex-NFL Running Back Ricky Williams Files $6M Texas Securities Fraud Case Against His Financial Adviser"},"content":{"rendered":"

\t\t\t\tRicky Williams, the ex-NFL and University of Texas running back, is suing Peggy Fulford and King Management Group & Associates for securities fraud<\/a>. He says that he and his wife were bilked of $6 million. Now, Williams wants an injunction, a restraining order, and damages for breach of contract, theft, and breach of fiduciary duty.<\/p>\n

Williams claims that Fulford has been in control of most of his approximately $11 million fortune since 2007 when he and his wife went into an oral agreement with the financial adviser and King Management to have them manage their assets. He says that Fulford told them she had graduated from both Harvard Law School and Harvard Business Law School and that she was licensed to practice law in Texas. Williams is now saying that no record exists of Fulford attending either graduate program or having been admitted to the State Bar of Texas. Fulford lived in Houston between 2011 and 2013 before moving out of state. <\/p>\n

Williams says that he and Fulford established a joint checking account at SunTrustBank and that without his knowing or consent she obtained and used a debit card linked to the account. It wasn’t until last year when the IRS called him to ask about his 2010 tax return that Williams discovered that Fulford had removed $6 million from his account via debts, wire transfers, cash withdrawals, and checks and that the money was used for mortgage payments, retail purchases, credit card bills, other debts, transfers to other accounts, and other purposes. She also purportedly pretended to be his wife when she spoke to the government agency.<\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

Ricky Williams, the ex-NFL and University of Texas running back, is suing Peggy Fulford and King Management Group & Associates for securities fraud. He says that he and his wife were bilked of $6 million. Now, Williams wants an injunction, a restraining order, and damages for breach of contract, theft, and breach of fiduciary duty. […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3750],"tags":[],"class_list":["post-1360","post","type-post","status-publish","format-standard","hentry","category-texas-securities-fraud"],"yoast_head":"\nEx-NFL Running Back Ricky Williams Files $6M Texas Securities Fraud Case Against His Financial Adviser — Investor Lawyers Blog — December 18, 2013<\/title>\n<meta name=\"description\" content=\"Ricky Williams, the ex-NFL and University of Texas running back, is suing Peggy Fulford and King Management Group & Associates for securities fraud. — December 18, 2013\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/exnfl-running-back-ricky-willi\/\" \/>\n<meta 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