UPDATE: Ralph Lauren has joined Speedo USA in announcing that it will no longer sponsor Olympic swimmer Ryan Lochte. [More]
athletes
Russian Track And Field Athletes Will Stay Banned From Rio Olympics After Appeal Fails
By 7.21.16
Russia’s track and field athletes will have to sit out the Rio Olympics this summer, after the Court of Arbitration for Sport denied the country’s appeal, upholding a ban instated by the worldwide governing body for track and field sports, the International Association of Athletics Federations, amid a widespread doping controversy. [More]
Russia’s Track And Field Team Barred From Rio Olympics Amid Doping Controversy
By 6.17.16
Bad news for fans of Russia’s track and field who were hoping to watch the team in the Rio Olympics this August, whether in person or on TV: amid a far-reaching doping conspiracy, the global governing body of the games has banned the country’s team from the summer games. [More]
SEC Alleges Ex-NFL Player Ran $31M Ponzi Scheme
By 4.7.15
In football, a cornerback is tasked with defending against pass offenses. It appears one former NFL player wasn’t doing much defending on behalf of investors off the field. Instead, the Securities and Exchange Commission alleges former New York Giants player Will Allen used his big league connections to assist in the operation of a $31 million Ponzi scheme based on making loans to cash-strapped pro athletes. [More]
NFL Linebacker Files $20M Lawsuit Against Bank Of America For Alleged Fraud
By 4.1.15
When looking to manage one’s money, it wouldn’t be unusual to seek advice from the financial professionals at one of the country’s largest banks. But an NFL linebacker says his decision to rely on Bank of America to manage his finances cost him millions of dollars and led to the closing of his budding restaurant business. [More]
