John Elway, hall of fame quarterback of the Denver Bronco’s, is one of the many investors who have been ripped off in a hedge fund scheme.
It has been heard that Elway lost $15 million, with a partner in the firm of Mueller Capital Management.
Mueller’s scam is alleged to have involved about 65 people since 2000, taking in $71 million. Some of these clients include Elway and Blaine Rollins, former Janus Capital Group manager.
On April 21, Sean Mueller sent out e-mails to his clients apologizing for some sort of misdeed. They were very crytptic and hard to understand. He said, “sometimes life stresses overwhelm a person to the point where they can’t go on, sorry for the damage,” and “[nobody] else had any involvement except me.” hmmm…..
What to do?
According to his agent, John Elway is on his way to London to promote a product from Pepsi.
We guess he has to make up that $15 mil he lost somehow!
[Image via WENN.]
Tags: hedge fund, quarterback, scam