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Mark Sanchez among those defrauded by investment advisor's Ponzi-like scheme

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Denver Broncos quarterback Mark Sanchez is among a group of athletes that were defrauded by the investment advisor Ash Narayan, who is alleged to have cheated people out of approximately $30 million. Also included among that list of athletes are San Francisco Giants pitcher Jake Peavy and retired former Houston Astros pitcher Roy Oswalt.

Narayan allegedly told his clients, including Sanchez, that he was pursuing a low-risk investment strategy while he was actually pouring their money into an Illinois-based online sports and entertainment ticket business, The Ticket Reserve, that had lost money for the past four years, according to ESPN.