Bitcoin still may end up being a scam, but I wish I had a few.
Stories like this happen far too often.
Dallas Cowboys running back Darren McFadden has sued his longtime business manager, saying he misappropriated and mishandled money throughout his NFL career, including $3 million lost in a bitcoin business venture.
The $15 million lawsuit was filed Tuesday against Michael Vick of Mabelvale, Arkansas, and 10 unknown others named only as “Doe.”
McFadden’s lawsuit said that two days after his 2008 debut with the Oakland Raiders, Vick used fraudulent documents to gain power of attorney and later fabricated fictitious financial records to hide what he was doing. The former University of Arkansas running back said he discovered the fraud when Vick tried to sell him a building allegedly bought with McFadden’s own funds.
McFadden told the newspaper that Vick was “an old family friend that we knew growing up forever and ended up trusting him to do my finances and it didn’t work out right for me.
“It’s just one of those deals with me as a young guy I wasn’t on top of my finances like I should have been and I trusted somebody to take care of everything for me and I don’t feel like at the time he had my best interest.”
It isn’t that Mike Vick by the way.
The bitcoin would be worth $237 million right now.