NHL Players' Investment Adviser Indicted In $15M Fraud

Law360, Los Angeles (November 13, 2013, 7:54 PM EST) -- An investment adviser was indicted in Arizona federal court Wednesday for allegedly running several real estate schemes that squandered roughly $15 million of his high-profile National Hockey League clientele's money, the U.S. Department of Justice said in a statement.

Phil Kenner, who faced several civil suits for alleged wire fraud in 2008, was arrested in Scottsdale, Ariz., on Wednesday on charges of wire fraud, conspiracy to commit wire fraud and money laundering, for a scam involving real estate transactions in Hawaii, New York and two phony...
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