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Author Topic: [2016-6-11]NFL Player Falls Victim To Bitcoin Scam  (Read 275 times)
WishICanTurnBackTime
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June 11, 2016, 04:46:45 PM
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Dallas Cowboys running back Darren McFadden filed suit against his business manager and financial advisor for allegedly bilking him out of some $15 million including $3 million invested in Bitcoins that carried a “guarantee” that McFadden “would not lose any money,” according to a copy of the civil complaint filed in federal court this week.
The lawsuit, which was first reported by the Associated Press, accused McFadden’s manager—named Michael Vick, although not the famous NFL player of that name—of being “unscrupulous” and “manipulating control of virtually the entirety of Plaintiff’s income and assets through a sweeping and fraudulently-induced power of attorney.” The complaint claimed Vick used McFadden’s income for his own gain and went “so far as to fabricate fictirous transactions, records and spreadsheets” to conceal Vick’s pervasive and widespread theft and management.

http://www.vocativ.com/328431/nfl-player-falls-victim-to-bitcoin-scam/

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TraderTimm
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June 11, 2016, 08:20:52 PM
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Sounds like an unscrupulous money manager, not that it had anything primarily to do with Bitcoin.

But naturally, the press always loves hanging the word 'scam' next to anything written about cryptocurrency.

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WaffleMaster
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June 12, 2016, 04:35:35 AM
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I can't believe the press is pitching this as a Bitcoin scam and not some sketchy account manager trying to embezzle funds. I mean guaranteed profits is the biggest red flag for anybody with an investment account. And what's with his name? Michael Vick? LOL So funny reading that even though it's not the dog fighter.
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