NFL Star Darren McFadden: Accountant Blew $3 Million On Bitcoin Mining

NFL Star Darren McFadden: Accountant Blew $3 Million On Bitcoin Mining

Advertised sites are not endorsed by us. They may be unsafe, untrustworthy, or illegal in your jurisdiction.

Many reading this would enjoy the opportunity to invest a solid $15 million into mining bitcoins, but an NFL star is alleging in civil court that his financial manager, Ameriprise Financial employee Michael Vick, did exactly that – with the star’s money. The tone of the lawsuit makes it seem that the money manager was so confident in his investment at the time that he assured Darren McFadden, a running back for the Dallas Cowboys and rising star in professional American football, that:

[Michael Vick] promised to pay back Plaintiff any funds that Plaintiff invested in such business venture. Instead, consistent with Plaintiffs recently-revealed pattern and practice Defendant Vick used Plaintiff’s fund to start this bitcoin “business”, including using all of Plaintiff’s monies to purchase all the necessary infrastructure and materials, only to retain all the revenues generated or derived from the “business” along with all the corresponding business

Read more ... source: TheBitcoinNews


Read previous post:
Bitcoin hits a 2-year high thanks to a big change in the code…and China

The price of bitcoin has hit its highest level in more than two years due to a rule written in...