Top athlete sues bank’s wealth management arm for $20m

Top athlete sues bank’s wealth management arm for $20m

Top athlete sues bank’s wealth management arm for $20m
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."

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