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NFLPA Sends Out Alert To Agents About Investigation Into Financial Advisor
Published April 20, 2012
ALERTS ALLOWED LAST MONTH: A source said that the NFLPA at its annual meeting last month in Marco Island, Fla., enacted a new regulation regarding allowing such alerts in the future. Attempts to reach NFLPA officials for comment Thursday were unsuccessful. Attached to the NFLPA memo to agents was a release from the SEC stating that judgments were entered against Westmoore Management, LLC, Westmoore Investment, L.P., Westmoore Capital Management, Inc. and Westmoore Capital, LLC in U.S. District Court in L.A. The SEC filed a complaint against the Westmoore entities in June '10, alleging that “Jennings operated an undisclosed Ponzi-like fraudulent scheme through the Westmoore Entity defendants and their subsidiaries in violation of the federal securities laws." The NFLPA e-mail alert to agents asked them to contact NFLPA Dir of Security Tim Christine if they had any information relative to the matter. Christine did not immediately return a phone call. At least one agent said he sent the alert to his NFL player clients.