HOUSTON (AP) - Federal investigators say various professional athletes, including former Phillies pitcher Roy Oswalt and former Eagles quarterback Mark Sanchez, were cheated out of at least $30 million in a Ponzi-like scheme run by their investment adviser.
The Securities and Exchange Commission said Tuesday that it obtained a court order freezing the assets of the investment adviser, Ash Narayan.
The order is part of an SEC lawsuit filed last month in Dallas federal court against Narayan, who hasn't been criminally charged.
The SEC says Narayan defrauded San Francisco Giants pitcher Jake Peavy; Sanchez, now with the Denver Broncos; and Oswalt, who retired from the Houston Astros, out of $30.