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Investor, Ex-NFL Player Owe $8M In SEC's Ponzi Suit

Law360 (July 11, 2018, 5:18 PM EDT) -- A Virginia federal judge ordered Cavalier Union Investments LLC co-owner Sherman C. Vaughn Jr. on Tuesday to forfeit the $8 million allegedly generated by him and former Philadelphia Eagles linebacker Merrill Robertson Jr. from a Ponzi scheme, an amount for which they are both jointly liable.

U.S. District Judge John A. Gibney Jr. ordered the penalty against Vaughn and barred him from trading securities as he granted the U.S. Securities and Exchange Commission’s motion for a default judgment in its case against the two men. Vaughn...
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Case Information

Case Title

Securities And Exchange Commission v. Robertson et al

Case Number



Virginia Eastern

Nature of Suit



John A. Gibney, Jr

Date Filed

August 10, 2016


Government Agencies

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