{"id":3636,"date":"2016-08-10T00:00:00","date_gmt":"2016-08-10T05:00:00","guid":{"rendered":"https:\/\/stockbrokerfraudblog.blawgcloud.com\/2016\/08\/sec_charges_exphiladelphia_eag"},"modified":"2016-08-10T00:00:00","modified_gmt":"2016-08-10T05:00:00","slug":"sec-charges-exphiladelphia-eag","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/sec-charges-exphiladelphia-eag\/","title":{"rendered":"SEC Charges Ex-Philadelphia Eagles Football Player With $10M Fraud"},"content":{"rendered":"

Merrill Robertson Jr., an ex-Philadelphia Eagles football player, is charged with financial fraud<\/a>. According to the Securities and Exchange Commission, Robertson bilked investors in a $10M scam.<\/p>\n

The SEC claims that Robertson, Sherman Vaughn Jr. and their Cavalier Union Investments LLC promised investors they would invest in diversified holdings. Instead, they took nearly $6M of investors\u2019 money to cover their own spending and pay earlier investors. Expenditures purportedly included cars, luxury items, spa visits, family vacations, and educational expenses. <\/p>\n

The two men are accused of claiming that the unregistered debt securities they were selling were safe and would generate up to 20%. They also purportedly told people that experienced invest advisers were running Cavalier\u2019s investment funds when there were no advisers or funds. <\/p>\n

The investment firm, said the SEC was \u201cfunctionally insolvent\u201d soon after it was set up, yet the defendants allegedly concealed this from prospective investors and depended on the latter\u2019s money to stay in business. The government said that Cavalier only invested in restaurants and all of them failed. <\/p>\n

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

Merrill Robertson Jr., an ex-Philadelphia Eagles football player, is charged with financial fraud. According to the Securities and Exchange Commission, Robertson bilked investors in a $10M scam. The SEC claims that Robertson, Sherman Vaughn Jr. and their Cavalier Union Investments LLC promised investors they would invest in diversified holdings. Instead, they took nearly $6M of […]<\/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":[3760,3741],"tags":[],"class_list":["post-3636","post","type-post","status-publish","format-standard","hentry","category-sec-enforcement","category-securities-fraud"],"yoast_head":"\nSEC Charges Ex-Philadelphia Eagles Football Player With $10M Fraud — Investor Lawyers Blog — August 10, 2016<\/title>\n<meta name=\"description\" content=\"Merrill Robertson Jr., an ex-Philadelphia Eagles football player, is charged with financial fraud. 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