Here is something I found on a Twitter update, an article on Yahoo! Sports.
I hate when stuff like this happens. Someone entrusts another with their financial affairs, hires them as their money manager and gets taken to the ringer.
If guilty, I hope they castrate the guy without painkillers (Joseph Zada according to the story). No sympathy here.
DETROIT (AP)—Former Detroit Red Wings star Sergei Fedorov(notes) says a man entrusted to manage his money during the past 11 years swindled him out of $43 million.
In a lawsuit filed Thursday in Wayne County Circuit Court, Fedorov says Joseph Zada of Grosse Pointe Shores also broke a promise to repay him $60 million by April 20.
The suit says Zada “acting in concert with others” and “intentionally lied to Fedorov” whenever he asked about the money.
There was no answer Thursday at a number listed for Zada in Grosse Pointe Shores.
Fedorov, the 1994 NHL MVP and three-time Stanley Cup winner with the Red Wings, has signed a two-year contract with a Russian club of the Kontinental Hockey League. He has also played for Anaheim, Columbus and Washington.
Filed under: Miscellaneous | Tagged: Anaheim Ducks, Booktoots, Columbus Blue Jackets, Detroit, Detroit Red Wings, Joseph Zada, money management, NHL news, Sergei Fedorov, Washington Capitals, Wayne County Circuit Court |