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John Elway invested $15 million in a Ponzi scheme

Hall of Fame quarterback John Elway and a business partner invested $15 million with a hedge-fund manager moncler who was recently arrested for running a Ponzi scheme.
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The Denver Post reported that the two invested $15 million with Sean Mueller in March ueiiwosjdf with the understanding moncler that the money would be placed in a trust until a final decision was made about where it would be invested.
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About 65 people had invested $71 million with Mueller over the past decade. Yet in April, Mueller moncler only had $9.5 million, according to a state investigator. He turned himself in to authorities on Wednesday on charges of racketeering, securities fraud and theft, and is being held in prison on $2 million bond.
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Elway and his partner have asked that their claim be processed ahead of any other investors' because their $15 million moncler was supposed to be placed in a trust, not pooled with the money of the rest of the hedge fund. According to an April filing, $12 million of Elway's money was placed into a Morgan Stanley trust account, as expected. The other $3 million has gone missing.
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Since retiring from football, Elway's personal life has veered toward the tragic. His father died of a heart attack, his twin sister moncler passed away due to cancer and his wife left him all in a span of 15 months.
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God, why do these idiots keep giving their money to these financial thieves.
With that kind of money all you have to do it just leave it in bonds and live off the interest.
If you buy your house and cars cash, the interest is more than sufficient to satisfy any lifestyle.
It is just greed that drives them to invest with these guys and they get burned in the end.