Professional athletes in LA should be on high alert if they’re looking to try to invest in a professional sports franchise. Per Fox 11, an organized theft ring in Los Angeles is targeting athletes, offering to sell them a minority share in the Miami Heat.
The NBA and the Miami Heat contacted the FBI about the scam after a man by the name of George French Jones sold NFL Hall of Famer Warren Moon four fictional floor seats to Heat games and told Moon’s agent that he could become a 5% minority owner in the Heat basketball team . Jones has also tried to get money out of a Super Bowl champion Patriot player, and an 8 time NFL Pro Bowler.
Moon’s agent wired $200,00 for the tickets to an account at Academy bank in Pasadena but never got the tickets. Moon’s company, Sports 1 Marketing is now suing George French Jones to get his money back, but Jones has disappeared.