NFL stars who’ve flagged their advisers
![Last month, the defensive end for the New Orleans Saints sued his team of investment advisers, asking for more than $3.9 million to cover losses and for $16 million in private damages. Mr. Brown alleged they had “abused the trust” of him and his wife, “and embarked on schemes intended to enrich themselves at the expense” of the couple, including bad investments in airplane hangars.
The advisers who allegedly sold the illiquid investments are Michael Rowan, president of Capital Management Group, and Jason Jernigan. (Neither man could be reached for a comment by <i>InvestmentNews</i>). [Photo: AP Images]](https://s32566.pcdn.co/wp-content/uploads/2019/10/FREE_110209995_PH_6_0.jpg.optimal.jpg)
Last month, the defensive end for the New Orleans Saints sued his team of investment advisers, asking for more than $3.9 million to cover losses and for $16 million in private damages. Mr. Brown alleged they had “abused the trust” of him and his wife, “and embarked on schemes intended to enrich themselves at the expense” of the couple, including bad investments in airplane hangars.
The advisers who allegedly sold the illiquid investments are Michael Rowan, president of Capital Management Group, and Jason Jernigan. (Neither man could be reached for a comment by InvestmentNews). [Photo: AP Images]