Former Miami Dolphins star wins $9.5M after fraud – Sports News
Former Miami Dolphins star Reshad Jones was awarded virtually $10 million after settling a lawsuit in opposition to Merrill Lynch.
Jones spent his whole profession with the Dolphins, after being drafted by Miami 163rd general within the 2010 NFL Draft. During his time within the league, Jones was a two-time Pro Bowl choice in 2015 and 2017 and made $56 million during his enjoying profession.
That mentioned, it was revealed that Jones was the sufferer of fraud by his former financial adviser and former Merrill Lynch worker, Isaiah Williams. The information comes after it was revealed Tua Tagovailoa suffered an harm within the Week 5 loss to the Carolina Panthers.
Williams allegedly stole $2.59 million from Jones whereas they have been working collectively. It is claimed that Williams used his place to gain entry to the star’s personal accounts to steal $1.56 million in 133 separate transactions, based on a June 25 arrest report.
Following that, one other $1.03 million was stolen by way of a difficult scheme that concerned quite a few bank and transfers by way of a cellphone app between Williams and Octivia Monique Graham. Jones claims he had by no means met Graham, per ESPN.
The money taken from Jones’ accounts was then used for airline tickets, inns, strip golf equipment, vehicles, jewellery and duty-free purchasing in Mexico, court docket data allege, based on ESPN. Though the settlement occured in August, reporting was delayed till October.
Jones initially requested for $16 million in damages in an arbitration submitting in opposition to Merrill Lynch, BrokerCheck reported. Williams was booked on 4 counts, together with first-degree organized fraud and first-degree grand theft, which each carry a sentence of up to 30 years in jail.
Williams is out on $1 million bond and awaiting trial, based on the sheriff’s workplace database.
Jones’ legal professionals, Chase Carlson and Jeff Sonn, posted a assertion shortly after concerning stories of the previous Dolphins star searching for skilled help in his case in opposition to Williams.
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“This is yet another troubling example of a professional athlete being exploited by a wealth management firm he trusted,” the statement from July 2025 began. “In this case, the wrongdoer was a Vice President at one of the world’s largest financial institutions—Bank of America’s investment management division, Merrill Lynch.
“We have filed a lawsuit to hold Merrill Lynch accountable and are working to recover all damages our client has suffered.”
Jones is just one of many athletes who have been the victim of fraud by a financial advisor. San Antonio Spurs star Tim Duncan was among those who had experienced a similar situation, being swindled out of hundreds of thousands of {dollars} in 2016.
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