Kukla's Korner Hockey
by Paul on 07/02/13 at 07:48 AM ET
from Katie Benner of Fortune,
It was a lawsuit with all the elements tabloids love: Sex. Money. Star athletes. Betrayal. Fraud.
Sure enough, when 19 current and former National Hockey League players, all of them clients of a money manager named Phil Kenner, brought a fraud suit in June 2009, the newspapers pounced. The suit claimed they had sunk $25 million into two developments in Mexico -- golf courses, condos and hotels -- being put together by a real estate investor named Ken Jowdy. Instead of building, the suit charged, Jowdy had blown the money on "porn stars, escorts, strippers, party girls" to entertain a retired baseball star. The plaintiffs included hockey players such as Sergei Gonchar, Bryan Berard, and Michael Peca.
thanks to a KK member for the pointer...
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