Thursday, 21 August 2014
Last updated 10 hours ago
Nov 24 2010 | 5:01am ET
Football great John Elway won't get any court-ordered special treatment to recoup his losses in a Colorado Ponzi scheme.
A Denver District Court judge denied the Hall of Fame quarterback's motion, in the city where his legend was made, to be put ahead of other victims of Sean Mueller's fraud. Elway and his business partner, Mitch Pierce, argued that Mueller had promised to keep the $15 million they invested earlier this year separate from the funds of other investors.
Judge Brian Whitney told Elway and Pierce to take up that argument with the court-appointed receiver in the case.
Mueller pleaded guilty last month to ripping about 65 investors off to the tune of $71 million. There is only about $9.5 million left in the accounts of Mueller Capital Management to cover the estimated $140 million in liabilities.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note