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Adviser Accused of Defrauding NFL Players Must Pay SEC Fine

Oct. 19, 2021, 8:09 PM

An investment adviser who allegedly defrauded former professional football players involved in concussion litigation must pay nearly $584,000 after reaching a deal to resolve the SEC case, a federal judge in Florida said.

Don Warner Reinhard co-managed Cambridge Capital Group Advisors LLC, which he and another man allegedly used to defraud former National Football League players and others who invested close to $4.1 million. He’s liable for about $193,500 in disgorgement and prejudgment interest and more than $390,000 more as a civil fine, the U.S. District Court for the Northern District of Florida said.

Phillip Timothy Howard, Reinhard’s co-manager, ...

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