Investor Sues Over Loan Supposedly Made To NFL Player

Law360, New York (March 16, 2017, 5:14 PM EDT) -- An investor sued Private Capital Group Inc. in Utah federal court on Wednesday, accusing the loan servicing firm of losing $1 million of its money after issuing a loan to someone who purported to be NFL player Marcell Dareus but turned out not to be.

TDC Lending LLC said the Utah-based Private Capital contacted it in July 2012 about an opportunity to invest in a $1.5 million short-term loan to Dareus, a nose tackle for the Buffalo Bills. Private Capital told TDC the loan was supposed...
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