The Financial Industry Regulatory Authority announced Thursday that former financial adviser Jeff Rubin accepted its findings that he made unsuitable investment recommendations to 32 players. Those investments resulted in the loss of approximately $40 million in an illegal Alabama Casino operation.
relationship with prominent agent Drew Rosenhaus to help sign at least 18 one-time Rosenhaus clients to invest in the failed casino project. Among those clients were past and present NFL players Jevon Kearse, Fred Taylor, Frank Gore, Plaxico Burress, and Terrell Owens. The NFL Players Association had been investigating the relationship between Rubin and Rosenhaus at one point, but it is unclear if that investigation is ongoing.Rubin, who founded Pro Sports Financial, used his
Rubin, who charged approximately $40,000 per year to provide "financial-related concierge" services to professional athletes, was given an ownership interest in the project and was paid at least $500,000 forRead More »from Document: Terrell Owens' former financial adviser made unsuitable investment recommendations