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Saints lose $2 million in investment scam

Discussion in 'PatsFans.com - Patriots Fan Forum' started by jmt57, Jul 12, 2009.

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  1. jmt57

    jmt57 Moderator Staff Member PatsFans.com Supporter

    Aug 13, 2005
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    Apparently New Orleans Saints players and coaches are not familiar with the saying that if something sounds too good to be true, it probably is.

    Film studio debts reach a wide audience - NOLA.com

    Now the player that was the "point man" and paid a finders fee for getting others to invest has been cut by the Saints - though I don't understand why he would be surprised.

    Former New Orleans Saints longsnapper Kevin Houser says he was surprised to be released by the team - New Orleans Saints Beat

    Houser's release was obviously not sap or performance related, but it still had to be done. But it didn't stop Jeremy Shockey from putting in his two cents worth of wisdom.

    Bad investments sour New Orleans Saints' relationship with long snapper Kevin Houser - Jeff Duncan on Saints

    Maybe Shockey should have taken some of that $80k and hired a tutor to teach him how to spell and write. And as far as he and any of the other players and coaches who are out of money they invested, I wonder if any of them sought out the advice of a financial advisor in regards to this investment?
  2. PatsWickedPissah

    PatsWickedPissah PatsFans.com Supporter PatsFans.com Supporter

    Feb 10, 2005
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    I am somewhat experienced in financial matters but my opinion of the expertise of financial advisors has been revised sharply downward after the 2007 mortgage and credit debacle, never mind those dozens of so-called financial advisors who put clients money into the Madoff scheme.

    Nonetheless, ya gotta cut the guy for team morale reasons.
    Last edited: Jul 12, 2009
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