{"id":18243,"date":"2019-09-06T14:26:59","date_gmt":"2019-09-06T19:26:59","guid":{"rendered":"https:\/\/www.investorlawyers.com\/blog\/?p=18243"},"modified":"2019-09-16T14:29:53","modified_gmt":"2019-09-16T19:29:53","slug":"cambridge-capital-accused-of-defrauding-retired-nfl-athletes","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/cambridge-capital-accused-of-defrauding-retired-nfl-athletes\/","title":{"rendered":"Cambridge Capital Accused of Defrauding Retired NFL Athletes"},"content":{"rendered":"<p>Cambridge Capital Group Advisors, its president Phillip Timothy Howard, and previously barred investment adviser Don Warner Reinhard are now the subject of a <a href=\"https:\/\/www.sec.gov\" target=\"_blank\" rel=\"noopener noreferrer\">Securities and Exchange Commission (SEC) case<\/a> accusing them of defrauding 20 investors, the majority of whom are retired National Football League players. Howard, who is also an attorney, represented the NFL retirees in a class action lawsuit over brain injuries they sustained while playing the game.<\/p>\n<p>The investors invested about $4.1M in two proprietary hedge funds, the Cambridge Capital Partners and Cambridge Capital Group Equity Options Opportunities. According to the SEC, even though Howard knew that the former NFL players whom he represented lack proper brain function, employment capacity, credit, or capital, he and Reinhard still allegedly persuaded them to invest in the two funds. The regulator said that more than half of players who invested used their retirement money.<\/p>\n<p>Among the false claims and misrepresentations that the defendants allegedly made while soliciting investors were that:<\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/cambridge-capital-accused-of-defrauding-retired-nfl-athletes\/\"  title=\"Continue Reading Cambridge Capital Accused of Defrauding Retired NFL Athletes\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Cambridge Capital Group Advisors, its president Phillip Timothy Howard, and previously barred investment adviser Don Warner Reinhard are now the subject of a Securities and Exchange Commission (SEC) case accusing them of defrauding 20 investors, the majority of whom are retired National Football League players. Howard, who is also an attorney, represented the NFL retirees [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":7092,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3781,3745,3760],"tags":[4170,2732],"class_list":["post-18243","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-advisers","category-retirement-funds","category-sec-enforcement","tag-cambridge-capital-group-advisors","tag-professional-athletes"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Cambridge Capital Accused of Defrauding Retired NFL Athletes| SSEK Law Firm<\/title>\n<meta name=\"description\" content=\"Cambridge Capital Group Advisors and its president Phillip Timothy Howard are accused of defrauding 20 investors, the majority being retired NFL players.\" \/>\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\/cambridge-capital-accused-of-defrauding-retired-nfl-athletes\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Cambridge Capital Accused of Defrauding Retired NFL Athletes| SSEK Law Firm\" \/>\n<meta name=\"twitter:description\" content=\"Cambridge Capital Group Advisors and its president Phillip Timothy Howard are accused of defrauding 20 investors, the majority being retired NFL players.\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2019\/05\/stock-sheets-overlay.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; 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Kantas, LLP","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.investorlawyers.com\/blog\/cambridge-capital-accused-of-defrauding-retired-nfl-athletes\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/cambridge-capital-accused-of-defrauding-retired-nfl-athletes\/"},"author":{"name":"Shepherd Smith Edwards &amp; Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"Cambridge Capital Accused of Defrauding Retired NFL Athletes","datePublished":"2019-09-06T19:26:59+00:00","dateModified":"2019-09-16T19:29:53+00:00","mainEntityOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/cambridge-capital-accused-of-defrauding-retired-nfl-athletes\/"},"wordCount":526,"image":{"@id":"https:\/\/www.investorlawyers.com\/blog\/cambridge-capital-accused-of-defrauding-retired-nfl-athletes\/#primaryimage"},"thumbnailUrl":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2019\/05\/stock-sheets-overlay.jpg","keywords":["Cambridge Capital Group Advisors","Professional Athletes"],"articleSection":["Investment Advisers","Retirement Funds","SEC Enforcement"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.investorlawyers.com\/blog\/cambridge-capital-accused-of-defrauding-retired-nfl-athletes\/","url":"https:\/\/www.investorlawyers.com\/blog\/cambridge-capital-accused-of-defrauding-retired-nfl-athletes\/","name":"Cambridge Capital Accused of Defrauding Retired NFL Athletes| SSEK Law Firm","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/cambridge-capital-accused-of-defrauding-retired-nfl-athletes\/#primaryimage"},"image":{"@id":"https:\/\/www.investorlawyers.com\/blog\/cambridge-capital-accused-of-defrauding-retired-nfl-athletes\/#primaryimage"},"thumbnailUrl":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2019\/05\/stock-sheets-overlay.jpg","datePublished":"2019-09-06T19:26:59+00:00","dateModified":"2019-09-16T19:29:53+00:00","author":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"description":"Cambridge Capital Group Advisors and its president Phillip Timothy Howard are accused of defrauding 20 investors, the majority being retired NFL players.","breadcrumb":{"@id":"https:\/\/www.investorlawyers.com\/blog\/cambridge-capital-accused-of-defrauding-retired-nfl-athletes\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.investorlawyers.com\/blog\/cambridge-capital-accused-of-defrauding-retired-nfl-athletes\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.investorlawyers.com\/blog\/cambridge-capital-accused-of-defrauding-retired-nfl-athletes\/#primaryimage","url":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2019\/05\/stock-sheets-overlay.jpg","contentUrl":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2019\/05\/stock-sheets-overlay.jpg","width":640,"height":428,"caption":""},{"@type":"BreadcrumbList","@id":"https:\/\/www.investorlawyers.com\/blog\/cambridge-capital-accused-of-defrauding-retired-nfl-athletes\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.investorlawyers.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Cambridge Capital Accused of Defrauding Retired NFL Athletes"}]},{"@type":"WebSite","@id":"https:\/\/www.investorlawyers.com\/blog\/#website","url":"https:\/\/www.investorlawyers.com\/blog\/","name":"Investor Lawyers Blog","description":"Published By Investment Fraud Attorneys \u2014 Shepherd Smith Edwards &amp; 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