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SEC: ADVISER SCAMMED MILLIONS FROM PRO ATHLETES


Denver Broncos quarterback Mark Sanchez and other professional athletes were scammed out of millions of dollars by an investment adviser who gained their trust by stressing his Christian faith and claiming to be a certified public accountant, a newly unsealed federal lawsuit charges.Sanchez, San Francisco Giants pitcher Jake Peavyand Roy Oswalt, a retired pitcher who starred with the Houston Astros and other teams, were among those defrauded in the alleged scheme, according to the civil lawsuit filed in Texas by the Securities and Exchange Commission.The three were clients of investment adviser Ash Narayan, managing partner of the California office of Texas-based RGT Capital Management. A legal brief in the case said Narayan "stressed his Christian faith, his interest in charity, and his success advising other similar clients," along with falsely saying he was a CPA.

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