Oct 23, 2016 While NFL players are millionaires, many have no idea what to do with their money. We constantly see athletes go bankrupt even though they've possessed more wealth than the average person will see in a lifetime. Some gamble it away, some spend it all on flashy cars and ridiculous things they don't need, but others simply make a bad investment. Meet Jeff Rubin. The former financial advisor has offered an apology for the wrongs in his past. What were those wrongs exactly? Just the slight hiccup of losing $43 million of his client's money. No, this is not a scene from HBO's "Ballers". Rubin actually flushed away $43 million of NFL player's money. People may scoff at the idea of NFL players making a bad investment due to all the wealth they have, but it's still a ton of hard earned cash. Rubin offered the awful advice to his clients that they should invest in Country Crossings, the entertainment and gambling center. Naturally, the business failed. Rubin's clients, all whom are current or former NFL players, did not receive their money back, but did get a heartfelt apology from the former advisor. That'll feel way better than having millions of dollars in your pocket. http://www.12up.com/posts/3987252-former-nfl-advisor-costs-nfl-players-43-million?
Oct 23, 2016 They had a whole segment that I watched on this earlier tonight on CBS' 60 Minutes. Fred Taylor and Vernon Davis were two of the players to be f----- over by this and were on 60 Minutes to speak about it.
