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Article: NBA star sues adviser over $2 million account transfers; California adviser allegedly moved funds without Anthony's approval.(News)
- Article from:
- Investment News
- Article date:
- August 24, 2009
CopyrightCOPYRIGHT 2009 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Sue Asci
Denver Nuggets basketball star Carmelo Anthony filed a lawsuit in federal court last week alleging that his former financial and business adviser transferred more than $2 million from his accounts without his knowledge or consent.
In the complaint, filed in U.S. District Court for the Eastern District of California in Sacramento, he alleged that his former financial and business manager Larry W. Harmon and employees associated with the latter's company transferred $1.75 million of Mr. Anthony's money last year to a firm with which Mr. Harmon was affiliated.
The complaint also alleged that the defendants invested an additional ...