Comments Thread For: Financial Adviser Who Stole From Mike Tyson Sent To Prison

[BIGPOPPAPUMP]

A financial adviser who stole from clients including heavyweight champion Mike Tyson and basketball star Glen Rice was sentenced Wednesday to 33 months in prison and ordered to repay $1 million. Brian Ourand, 56, a former executive with a Washington, District of Columbia-based management group owned by Live Nation Entertainment, pleaded guilty in federal court in February to one count of wire fraud and agreed to pay back $1 million that he embezzled from Tyson, Rice and two other athletes and spent on personal services, travel, dining and ******** debts, among other purchases.
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[SilverMiles]

Should have given him a bit more time but happy either way that crooks like this get their comeuppance.

[Kcvtr81]

Don King next and give back the money he stole from Tyson

[Elroy The Great]

id do 33 months for the amount he got away with.

1 mil divided by 4 is peanuts

[Snoop Frog]

"and treatment at a tanning salon."

The judge heard this and probably thought, "alright, this guy's definitely a d bag. Send him to the pen."

I don't trust any financial advisor by default. My thought: If you're gonna charge me 1% (or whatever) of my net worth to manage my money, what value are you giving me? Only you have your best interests in mind, so at least learn a basic amount about how to manage your money (investments, career, savings, expenses, etc.) so you can screen out the scum bags.

I think professional athletes have to be even more wary of financial advisers, since these athletes often don't have any education in personal finance and crooks see them as easy pickins.