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- Getting a Handle on Virtual Currencies - FINRA
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Ex-Financial Adviser Apologizes for Losing $43Mn of NFL Players’ Money
Ex-financial adviser Jeff Rubin is apologizing for losing $43 million of his clients' money, all of whom were NFL players - including Redskins tight end Vernon Davis. He had coerced his clients to invest in Country Crossings, an entertainment and gambling center which included (illegal at the time) electronic slot machines. Eventually, their investments became worthless.
In September 2015, the SEC barred Rubin from the industry and fined him $250,000. Rubin's is doing his best to move on, while apologizing to those he wronged; "I'm sorry this happened. It’s been a disaster ... that was my life." [i.e., Sorry he got caught.]
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