New Orleans Saint's Player Scammed By Investment Adviser

Alex Brown, New Orleans Saint’s defensive end, sued two of his advisers and Capital Management Group Wealth Advisors, Inc. for $3.9 million in compensatory damages and $16 million in private damages. The player for the defending Super Bowl champs pinpoints a series of illiquid private investments in airplane hangars, storage facilities, a real estate investment concern and variable universal life insurance products, according to the suit filed in Illinois. The culprits involved included a long term friend he met while attending the University of Florida, a partner with Capital Management and an accountant.

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