The stirrup sock wearing Roy Oswalt appears to have been victimized in a Ponzi-scheme according to a U.S. Securities and Exchange Commission lawsuit that was unsealed in Dallas federal court. Among the athletes named in the report were former Philadelphia Eagles quarterback Mark Sanchez and former starting pitcher Jake Peavy.
The lawsuit alleges that all three used the same broker, Ash Narayan, formerly of RGT Capital Management.
In the original report from Investment News, the three athletes contributed a combined $30 million to the fraud broker, who allegedly used their faith and other charitable interests to defraud them of million.