The NFL Players Association is investigating agent Drew Rosenhaus
and his business ties with a former financial adviser who convinced players to invest in a failed Alabama casino, according to a Yahoo! Sports report.
Yahoo! Sports, citing sources, reports the ties between Rosenhaus and Jeff Rubin might have caused Rosenhaus to breach financial responsiblities due his players as a union-certified agent.
Rubin is at the center of a bankruptcy case involving the casino that cost players $43 million. Rubin helped encourage 35 athletes, a number of of whom were notable Rosenhaus clients, to invest in the Dothan, Ala., bingo operation that was raided and shut down.
Multiple sources told Yahoo! Sports that at least $25 million of the $68 million the gambling operation claims to have lost has been identified as player money. According to the report, bankruptcy filings indicate as much as $43.6 million is linked to all the players, including those not represented by Rosenhaus.
Jevon Kearse, Fred Taylor, Frank Gore, Plaxico Burress and Terrell Owens, who has since fired Rosenhaus, are among the 18 Rosenhaus clients who invested in the bingo project.
Sources told Yahoo! Sports that Rosenhaus recruited clients with Rubin and grew his clients to more than 100 players in the seven years the two were associated.
If Rosenhaus is found to have violated any NFLPA agent conduct regulations, he could face discipline by the union.
