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Report: NFL players warned about possible financial scam

NFL Player's Association Press Conference

FORT LAUDERDALE, FL - FEBRUARY 04: Center Kevin Mawae #68 of the Tennessee Titans and President of the NFL Player’s Association speaks to members of the media while members of the Association look on during the NFL Player’s Association Press Conference held at the Fort Lauderdale Convention Center as part of media week for Super Bowl XLIV on February 4, 2010 in Fort Lauderdale, Florida. (Photo by Doug Benc/Getty Images)

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The NFL Players Association has warned players about a possible financial scam involving a Chicago-area tax adviser, according to Alex Marvez of the Sporting News.

Per Marvez, the NFLPA issued a security alert Friday about three tax advisory firms operated or controlled by John Richard Burgess after receiving inquiries from players. One player was assessed a fee of $500,000 for services from one of the entities, the NFLPA said.

The NFLPA has a detailed history of criminal charges and fraud claims against Burgess dating to 1988, according to Marvez. The NFLPA, though, said in its memo to current and former members that it was for “informational purposes” and did not claim illegality against Burgess.

The union tries to help players avoid exploitation by financial advisers, though it remains an ongoing problem.