{"id":3662,"date":"2016-06-21T00:00:00","date_gmt":"2016-06-21T05:00:00","guid":{"rendered":"https:\/\/stockbrokerfraudblog.blawgcloud.com\/2016\/06\/denver_broncos_quarterback_mar"},"modified":"2016-06-21T00:00:00","modified_gmt":"2016-06-21T05:00:00","slug":"denver-broncos-quarterback-mar","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/denver-broncos-quarterback-mar\/","title":{"rendered":"Denver Broncos Quarterback Mark Sanchez and MLB Pitchers Roy Oswalt and Jake Peavy Defrauded in $30M Scam"},"content":{"rendered":"

The Securities and Exchange Commission has gotten a court order to freeze the assets of investment adviser Ash Narayan. He is accused of bilking Denver Broncos quarterback Mark Sanchez, ex-Major League Baseball pitcher Roy Oswalt, and San Francisco Giants pitcher Jake Peavy, and other clients of millions of dollars in a Ponzi-like scam. <\/p>\n

Also named in the case are The Ticket Reserve Inc., an online sports and entertainment ticketing business, its COO John A. Kaptrosky and CEO Richard Harmon. Narayan, who used to be managing director of Dallas-based RGT Capital Management, was on the ticket company\u2019s board. He owned over 3 million shares of The Ticket Reserve Inc. stock and he was the primary person raising funds for the company. <\/p>\n

According to the regulator, Narayan took over $33M from clients\u2019 accounts and moved the funds to The Ticket Reserve. He allegedly did this without their knowledge or permission and he used unauthorized or forged signatures. Narayan also is accused of making Ponzi-like payments using newer investors\u2019 money to pay earlier investors. Meantime, he was purportedly was paid almost $2M in concealed compensation.<\/p>\n

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

The Securities and Exchange Commission has gotten a court order to freeze the assets of investment adviser Ash Narayan. He is accused of bilking Denver Broncos quarterback Mark Sanchez, ex-Major League Baseball pitcher Roy Oswalt, and San Francisco Giants pitcher Jake Peavy, and other clients of millions of dollars in a Ponzi-like scam. Also named […]<\/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":[3635,3636,3637],"class_list":["post-3662","post","type-post","status-publish","format-standard","hentry","category-texas-securities-fraud","tag-jake-peavy","tag-mark-sanchez","tag-roy-oswald"],"yoast_head":"\nDenver Broncos Quarterback Mark Sanchez and MLB Pitchers Roy Oswalt and Jake Peavy Defrauded in $30M Scam — Investor Lawyers Blog — June 21, 2016<\/title>\n<meta name=\"description\" content=\"The Securities and Exchange Commission has gotten a court order to freeze the assets of investment adviser Ash Narayan. 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