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March 08, 2013

Regulatory agency bars broker who advised NFL players

Florida financial adviser Jeffrey Rubin has been barred from the securities industry for life after 31 NFL players lost about $40 million in a failed casino investment in Alabama, the Financial Industry Regulatory Authority announced Thursday.

According to court documents, former NFL defensive back Samari Rolle lost $3 million as the first player to invest in the now-bankrupt Country Crossing casino in Cottonwood, Ala.

Other players involved include Panthers tight end Greg Olsen and former Panthers wideout Devin Thomas, as well as Terrell Owens, Santonio Holmes, Plaxico Burress and Santana Moss.

Olsen would not say how much he lost in the venture.

“I haven't had a relationship with either (Rubin) or the project for a while now, and there's nothing really to comment on,” Olsen said Thursday. “I have no ties to any of that anymore.”

--Joseph Person

Posted by Observer Sports on March 8, 2013 at 11:52 AM | Permalink

Comments

Dammmmmmmmmn. That sucks that he took all that money from Greg considering what he been threw with his babies and all

Posted by: Len Jackson | Mar 8, 2013 10:55:01 PM

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