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SEC Stops Scheme Defrauding Athletes Dead in its Tracks

Posted: Tue Jun 21, 2016 7:16 am
by kreslik.news

The Securities and Exchange Commission (SEC) has obtained a court order freezing the assets of an investment adviser that it has charged with secretly siphoning millions of dollars from accounts he managed for professional athletes and investing them in a struggling online sports and entertainment ticket business on whose board he served.

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The SEC charged the adviser, Ash Narayan, along with The Ticket Reserve CEO Richard M. Harmon, and chief operating officer John Kaptrosky, after it was ... (read more)