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What makes you so sure they didn't perform their due diligence? It seems that this individual worked for a legit brokerage house and had a spotless record prior to the crap hitting the fan. He was on the NFLPA's list of approved advisors.Perhaps I should change "most of us" to "a prudent investor."
When one has wealth in the millions of dollars, trusting someone in an affinity group, rather than doing due diligence by consulting a variety of financial planners and financial organizations, is, to say the least, lazy and naïve.
I'm not sure exactly what you think Mark Sanchez should have known a couple years ago that even the SEC and the NFLPA didn't.