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Economy
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Title: John Elway: Invested $15 Million in Ponzi Scheme
Source: Bleacher Report
URL Source: http://bleacherreport.com/articles/ ... ted-15-million-in-ponzi-scheme
Published: Oct 14, 2010
Author: Sam Westmoreland
Post Date: 2010-10-15 17:00:52 by Ibluafartsky
Keywords: Elway, Ponzi, 15 million
Views: 1869
Comments: 1

John Elway: Invested $15 Million in Ponzi Scheme

By (Correspondent) on October 14, 2010 4,208

Al Messerschmidt/Getty Images According to a report released on Yahoo! Sports today, NFL Hall of Fame quarterback John Elway invested $15 million dollars with recently arrested Ponzi schemer Sean Mueller earlier this year.

The former Broncos quarterback and a partner gave Mueller the money to be invested in a hedge fund separate from the rest of the pool, of close to $71 million. As of the conclusion of the investigation, $12 million of the money had been put into a Morgan Stanley trust fund as requested, and $3 million of the money was unaccounted for.

This is just the latest in a series of tragic happenings for Elway since his retirement. From divorce, to lost loved ones, to failed business ideas, it seems that the Broncos' golden boy has lost his Midas touch.

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#1. To: Ibluafartsky (#0)

One of the most overrated quarterbacks in NFL history got stupid, and lost 15 million?

'This one's for JOHN!'

rotflmao

Obama's first all-by-his-lonesome budget, btw, calls for a $1.17 trillion deficit.

Badeye  posted on  2010-10-16   11:40:51 ET  Reply   Trace   Private Reply  


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