Two former Houston Rockets players got a big win on Tuesday after being defrauded out of nearly $5 million.
A Manhattan federal jury on Tuesday convicted a former Morgan Stanley investment adviser on fraud charges, for allegedly defrauding three NBA player clients out of millions of dollars by overcharging them for life insurance investments and misappropriating funds.
The clients in question include former Rockets and Dallas Mavericks players Chandler Parsons and Courtney Lee, as well as two-time All-Star and two-time NBA champion Jrue Holiday. Their former advisor, Darryl Cohen, could face a maximum sentence of 20 years in prison.