{"id":6156,"date":"2017-05-27T20:00:36","date_gmt":"2017-05-28T01:00:36","guid":{"rendered":"https:\/\/www.institutionalinvestorsecuritiesblog.com\/?p=1597"},"modified":"2017-05-27T20:00:36","modified_gmt":"2017-05-28T01:00:36","slug":"pro-athletes-victimized-fraud","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/pro-athletes-victimized-fraud\/","title":{"rendered":"More Pro Athletes Victimized by Fraud"},"content":{"rendered":"

\t\t\t\tProsecutors have indicted a California man over his alleged involvement in an investment scam<\/a> that bilked an ex-NFL player of $4.5M. Kenneth Ray Cleveland faces multiple counts of money laundering and wire fraud. <\/p>\n

The 63-year-old money manager served as the NFL player\u2019s financial adviser for years beginning when the ex-pro athlete, who played with the Indianapolis Colts for several years, graduated college and joined the NFL. Court documents don’t name the victim. <\/p>\n

According to prosecutors, Cleveland used $2M of the ex-NFL athlete\u2019s funds to pay other clients in a Ponzi scheme<\/a> he allegedly ran. The money manager used another $2M of the player\u2019s money to cover his own expenses, including his mortgage. <\/p>\n

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

Prosecutors have indicted a California man over his alleged involvement in an investment scam that bilked an ex-NFL player of $4.5M. Kenneth Ray Cleveland faces multiple counts of money laundering and wire fraud. The 63-year-old money manager served as the NFL player\u2019s financial adviser for years beginning when the ex-pro athlete, who played with the […]<\/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":[3741],"tags":[],"class_list":["post-6156","post","type-post","status-publish","format-standard","hentry","category-securities-fraud"],"yoast_head":"\nMore Pro Athletes Victimized by Fraud — Investor Lawyers Blog — May 27, 2017<\/title>\n<meta name=\"description\" content=\"Prosecutors have indicted a California man over his alleged involvement in an investment scam that bilked an ex-NFL player of $4.5M. Kenneth Ray Cleveland — May 27, 2017\" \/>\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\/pro-athletes-victimized-fraud\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"More Pro Athletes Victimized by Fraud — Investor Lawyers Blog — May 27, 2017\" \/>\n<meta name=\"twitter:description\" content=\"Prosecutors have indicted a California man over his alleged involvement in an investment scam that bilked an ex-NFL player of $4.5M. 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