Former Football Star Among Athletes Duped out of $30m in Ponzi-Like Scheme
Posted: Tue Jun 21, 2016 12:13 pm
Mark Sanchez, a former New York Jets quarterback, along with a number of other professional athletes, are reported to have been duped out of approximately $30 million in a Ponzi-like scheme engineered by investment adviser, Ash Narayan.
Narayan gained the trust of Sanchez and his fellow team players, Jake Peavy and Roy Oswalt through religion and their interest in charitable works andconcealed multiple conflicts of interest from investors, directing the athletes’ cash to The Ticket Reserve (TTR), as reported earlier today by Finance Magnates.
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