Denver Broncos quarterback Mark Sanchez, along with MLB pitcher Jake Peavy and former big leaguer Roy Oswalt, had millions stolen from them by a fraudulent financial advisor, Bloomberg.com reported.
The three athletes were victims to a "Ponzi-like scheme." The report said a financial advisor targeted each of them for their Christian faith and and various charity endeavors.
According to the U.S. Securities and Exchange Commission lawsuit filed in Dallas, close to $30 million were stolen from Sanchez, Peavy and Oswalt by a broker named Ash Narayan, formerly of RGT Capital Management.
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The SEC claimed Narayan took the players' money and invested it into The Ticket Reserve Inc.