NFL Players Lose Millions

A man named Kirk Wright and his company, International Management Associates, were sued in federal and state courts and neither Wright or the money has surfaced. Listed as plaintiffs in the state lawsuit are Terrell Davis, Steve Atwater, Rod Smith, Ray Crockett, Blaine Bishop, Al Smith, all current or former members of the Denver Broncos. Wright and his company are accused of collecting between $115 million and $185 million from at least 500 investors since 1997. Apparantly Wright has ran away with all of these professional athletes money. By tellings these people that he was making accounts and some of the time not even making them at all and pocketing the money, this is a huge issue. As if pro athletes don't complain enough already as it is, this gives them something more to complain about. This is also a court case that is taking away from the government's time. This is not good for the economy at all because now people are going to be afraid to invest their money because of the threat that it could be taken.