If proven guilty, this wouldn’t be the first time a big bank or major player’s been caught up in controversy related to Freeney. The former NFL player lost money on a restaurant named Rolling Stone in LA.
In 2012, a former associate at Merrill Lynch, Eva Weinburg and a close business associate were arrested for fraudulently wiring $2.2 million from Freeney’s account. Weinburg wasn’t registered as a financial advisor at the time, nor were there records to say she even worked in the industry.
However, the bank defended itself, saying the employees were dealt with and not a part of the company at the time.
"The primary wrongdoer [Stern] never worked for the bank or any of its affiliates," explained BofA, "and the other person committed her criminal conduct after she left Merrill Lynch in 2010."