NFL Running Back Darren McFadden Sues Ameriprise For Fraud
From the Desk of Jim Eccleston at Eccleston Law LLC:
Current Dallas Cowboy running back, Darren McFadden, who sued his former advisor, Michael E. Vick, last June for misappropriating $15 million, has decided to sue the advisor’s firm, Ameriprise Financial.
In Mr. McFadden’s complaint, he alleges that Ameriprise was negligent in supervising Mr. Vick and failed to notify him of the advisor’s compliance issues. Moreover, according to Mr. McFadden, Ameriprise never informed him that it was investigating Mr. Vick in 2010 regarding suspicious and unauthorized trades in McFadden’s account. Ameriprise also failed to inform Mr. McFadden that Mr. Vick was suspended from the firm as a result of the investigation.
Ameriprise and Mr. Vick, who is not related to the NFL quarterback with the same name, have denied all wrongdoing.
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