Mar
20

When Agents go bad

By | Retirement, Sports Agents, Sports Law

1 Comment

Story from the UK this week, with former agent Nicholas Fowler sentenced to jail for defrauding his clients [Stars Fraud Agent Jailed].

It wasn’t a higher cut on a contract, but rather Nicholas losing player’s pension funds.

Nicholas told his clients that he was investing in bonds, but was actually investing in high risk shares.

This highlights the trust that is needed between agent and client, and as the Judge in the case, Mike Brown said:

“You abused the position of trust you had with these clients and gambled with their money.”

It wasn’t the fact he swindled the money directly, but that he lied about where the money was invested.

-Chris Lesley 

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  • Steve Robinson

    Abusing the trust of his Clients and costing the player 47,000 pounds and all he got was two and a half years? he deserves 6 years for that alone, how the heck you go and gamble with a clients money and choose a high risk investment? and then Lie about it! one less Crooked agent out of the picture ,Making room for the good agents out there, Good old William “Tank” Black must be reading all this from his cell these days , have to say is book em Dano!

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