John Elway is a dunce

[KamaAina]

I mean, besides all the right-wing crapola.

http://sports.yahoo.com/nfl/blog/shutdown_corner/post/John-Elway-invested-15-million-in-a-Ponzi-schem

Hall of Fame quarterback John Elway and a business partner invested $15 million with a hedge-fund manager who was recently arrested for running a Ponzi scheme.

The Denver Post reported that the two invested $15 million with Sean Mueller in March with the understanding that the money would be placed in a trust until a final decision was made about where it would be invested.

About 65 people had invested $71 million with Mueller over the past decade. Yet in April, Mueller 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.

:dunce: :dunce: :dunce:

And if you needed any more proof that Elway's a repuke...

Elway and his partner have asked that their claim be processed ahead of any other investors' because their $15 million 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.

Waaaaaaaah! Me first!!!!! :cry:

[joeybee12]

1. Yeah, he REALLY needs that $15 million...

what a jackass.

[trotsky]

2. Ahahahah, what an asshat.

Too bad Elway. You got scammed - which could be easily argued is a direct result of loose economic regulations championed by your preferred party.

[DinahMoeHum]

3. I liked him as a player (unless he was playing the NY Giants)

...but my regard for him has always stopped outside the gridiron.

:evilfrown: