Wealth adviser used $5M swindled from NBA stars to pay his lover, build backyard gym: prosecutors
Cultura
A former Morgan Stanley financial adviser was convicted of federal fraud charges for cheating three NBA stars out of $5 million — using some of the money to built a state-of-the-art gym in his backyard. Darryl Cohen, 52, duped three current and past pro hoopsters — Jrue Holiday, Chandler Parsons and Courtney Lee — into buying specialized life insurance policies at astronomical markups as high as 310% so he could split the proceeds with an accountant pal, federal prosecutors in Manhattan said
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