Wednesday, March 28, 2012

Couple charged in million dollar scheme against Dwight Freeney

It's nothing new to hear a professional athlete being taken for millions of dollars. Either a shady financial adviser or bad investments.

Indianapolis Colts defensive end Dwight Freeney should consider himself lucky that his victimizers were caught before his situation was made worse than it was.

A financial adviser for Indianapolis Colts defensive end Dwight Freeney and the adviser's lover have been arrested on federal wire fraud charges that allege they swindled about $2.2 million from the lineman.

Eva Weinberg, 48, of Los Angeles, and Michael Stern, 51, of Miami, were arrested last week by FBI agents who believe the couple were trying to flee the United States.

From what was in the article, Freeney wasn't named directly in the case but Stern's attorney, Henry Bell confirmed the victim was indeed Freeney.

Athletes and entertainers make tons of money but squander lots of it and make bad financial decisions. It's made worse when the people that you trust with your money are stealing it from you. More players need to be aware of who they are trusting.

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