Jorge Posada and Jose Contreras claim they were victims of scamming financial advisors
Jorge Arangue of Vice Sports has a report up today which details the alleged scamming of two beloved ex-Yankees, Jorge Posada and Jose Contreras. It talks about a lawsuit the two have filed against their former financial advisors, alleging that they were scammed out of millions due to questionable investments and inside-dealing.
It also gives some insight into how many players, particularly Latin players whose first language is not English (or, as in Contreras’ case speak no English at all) are at a disadvantage when it comes to dealing with business and financial advisors. Interesting stuff.