Ex-Financial Adviser To Pro Athletes Cops To Stealing $1M

Law360, Los Angeles (February 6, 2017, 10:16 PM EST) -- The former president of an investment firm tailored to athletes pled guilty in D.C. federal court Monday to wire fraud after admitting to stealing more than $1 million from his clients, including boxer Mike Tyson and former professional basketball player Glen Rice, according to a U.S. Department of Justice press release.

Brian J. Ourand, former president of SFX Financial Advisory Management Enterprises, pled guilty in connection with writing numerous fraudulent checks made payable in his own name that were deposited into his personal accounts, and using client funds to send wire transfers for the benefit of others, including his girlfriend and...

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