SEC Settles Fraud Allegations Against Ex-NFL Star

Law360, New York (January 8, 2013, 5:17 PM EST) -- The U.S. Securities and Exchange Commission agreed Monday to settle its claims against former Detroit Lions receiver Michael Farr, who allegedly helped investment adviser Roy Dixon Jr. and his private equity firm steal $3.1 million from three Michigan pension funds.

In a motion filed in the Eastern District of Michigan, the SEC asked the court to sign off on a consent judgment with Farr, who is not admitting to aiding and abetting Dixon in the scheme to defraud pension funds. Under the consent agreement, both parties...
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