"I fear that in the financial sector fraud has become a feature and not a bug." 

- President, American Finance Association, Luigi Zingales 

Source: Does Finance Benefit Society?

 

• NBA Hall of Famer Sues Accountant for $77 Million Fraud

• Accountant for NBA Pro Sent To Prison for IRS Tax Fraud

• NFL Lineman Sues Financial Advisor, Accountant, and Lawyer for Millions in Alleged Fraud

• Boxer Loses $63 Million in Investments Financial Advisor Made in Puerto Rican Bonds

• NBA #1 Overall Pick Sues Advisor for $17 Million for Fraud & Trading without Consent

• NBA Hall of Famer Lost $4 Million to Fraudulent Investments with Lawyer

• NFL Former Pro Sues Lawyer for Fraud Losing Life Savings

• NBA Champ's Accountant Charged with Tax Fraud

• Barred Broker's Unsuitable Trades with NFL Player Costs $1.1 Million

• NFL Player Sues Business Manager for Mishandling $15 Million During Career

• Money Manager for NFL Player Arrested for Stealing $1 Million

• Investment Adviser Defrauds Professional Athlete and His Wife for $1.2 Million

• Ex-Business Manager Indicted for $7 Million Fraud of NBA Star

• Financial Advisor for All-Star Pitcher Barred from the Industry

• Self-Proclaimed "Financial Advisor from Harvard" Steals Millions from NFL and NBA Athletes

• Tax Attorney for NFL Player Files False IRS Documents, Takes $1.2 Million in Refunds

• Financial Advisor Steals $2.35 Million from 5 Professional Athletes

• Pro-Bowler Presses $7.8 Million Suit Against Brokers

• Former NFL Football Player Guilty of $10 Million Fraud, Includes Former NFL Player

• Financial Advisor Misappropriated $2.9 Million from NFL Players

• $4.5 Million Stolen from NFL Player by Financial Advisor Who Faces Federal Charges

• Ohio Man Indicted for Cheating Five NFL Players in Charity Scam

• Ex-Kentucky Basketball Director Defrauds 4 NBA Players for $1.3 Million

• NBA Player Files Lawsuit Against Former Agent and Financial Managers for Excess Fees

• How a Serial Con Man Fooled Silicon Valley and Took an NFL Star for $13 Million

• NFL RB Sues Financial Advisor for Misappropriating Millions of Dollars

• Ohio Man Steals $350,000 from Pro Athletes through Fraudulent Horseracing Venture

• The Trusted Grown-Ups Who Steal Millions From Youth Sports

• 100 Pro Soccer Players Victims of $36 Million Investment Scam by Former Player

• Attorney Bilked $6 Million from NFL and NBA Players
  

• Financial Advisor and Her Seven Aliases Defrauds Pro Athletes Out of Millions

• Advisor Steals $33 Million from NFL and MLB Players Exploiting Their Christian Faith

• NFL Pro Reveals Friends and Family Secretly Spent $1.6 Million of His Money in 10 Months

• Former NBA Pro Busted for Charity Fraud Using Pro Athletes Money for Personal Use

• Businessman Pleads Guilty to Misappropriating $2.9 Million from NFL Players

• Ex-NBA Player's $2.5 Million Ponzi Scheme on NBA Players

• Business Manager Indicted for $7 Million Fraud on NBA Player

• Former Olympian Defrauds NBA Coach $750k

• Financial Advisor $40 Million Fraud of Over 30 NFL Athletes

• Lender Deceives Sick and Cognitively Impaired NFL Retirees
  

• Financial Advisor's $30 Million Investment Fraud on Numerous NHL Players

• Financial Advisor Misappropriates $750k from Boxer and NBA All-Star

• Former NFL Pro's $31 Million Ponzi Scheme Hits Players of the MLB, NHL, and NFL

• Financial Advisor Pleads Guilty to Defrauding Star NBA Player of $20 Million

• NFL Agent Arrested for $10 Million Fraud and Tax Evasion

• Pro Bowler Sues for $20 Million Fraud Case

• Young NHL Star Declares Bankruptcy After Parents Borrow $15 Million in Son's Name

• 58 NFL and NBA Players involved in $19 Million Ponzi Scheme

• All-Star Slugger Sues Advisor $7.6 Million for Fraud and Breach of Fiduciary Duty

• NBA Veteran Files Lawsuit to Recover $1.7 Million Lost in Ponzi Scheme

• Investment Advisory Firm Charged for Attempting to Defraud NBPA of $3 Million

• NHL Captain Sues Agent/Advisor for $7.5 Million Fraud

• As Much as $185 Million Defrauded by Financial Advisor to NFL Athletes and Others

• NHL All-Star's Agent and Agent's Parents Sued for $11 Million Fraud

• During His Career, NHL Hall of Famer Swindled Out of $43 Million by Financial Advisor

• Yankee Great Sues Advisors for Fraud of $11.2 Million

• NBA Star Sues Financial Advisor for $17 Million for Questionable Investments

• Former NASCAR Driver Pleads Guilty to Ponzi Scheme

• PGA Star Claims Law Firm Stole $3 Million To Cover Shortfall of Partner's Embezzlement

• Financial Advisor Sentenced to 17 Years for $50 Million Ponzi Scheme Targeting Athletes

• Sports Agent Convicted of Stealing at Least $12 Million from Several Professional Athletes

• NFL Hall of Fame QB's Financial Advisor Cops to $71 Investment Scam