Denver Broncos quarterback Mark Sanchez and two other professional athletes have been duped out of more than US$30 million by a scammer who pretended to be a Christian investment adviser, according to federal investigators on Tuesday.
Aside from scamming Mark Sanchez out of US$7.8 million, Ash Narayan also deceived San Francisco Giants pitcher Jake Peavy and retired Houston Astros pitcher Roy Oswalt in a Ponzi-like scheme. Based on the lawsuit filed by the Securities and Exchange Commission (SEC) last month, the investment adviser told his clients that their money would be invested in low-risk businesses but actually put US$33 million in Illinois-based online sports and entertainment ticketing firm The Ticket Reserve, the New York Post details.
Aside from scamming Mark Sanchez out of US$7.8 million, Ash Narayan also deceived San Francisco Giants pitcher Jake Peavy and retired Houston Astros pitcher Roy Oswalt in a Ponzi-like scheme. Based on the lawsuit filed by the Securities and Exchange Commission (SEC) last month, the investment adviser told his clients that their money would be invested in low-risk businesses but actually put US$33 million in Illinois-based online sports and entertainment ticketing firm The Ticket Reserve, the New York Post details.