An attorney who represented some NFL players in a class suit over concussions defrauded them when they invested with his advisory firm, the SEC said Aug. 29 in Florida federal court.
Phillip Timothy Howard convinced investors to put around $4.1 million in funds managed by Cambridge Capital Group Advisors LLC. But Howard didn’t disclose that the funds primarily paid settlement advances to former NFL players involved in the concussion case, including 18 of the 20 investors, the Securities and Exchange Commission complaint filed in the U.S. District Court for the Northern District of Florida said.
Howard represented the former players ...
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