[EXCLUSIVE] NFL Star Dwight Freeney Sues Ex-Financial Advisor For Fraud

theJasmineBRAND.com exclusively reports, earlier this month, Freeney slapped them both with a federal lawsuit for fraud and unjust enrichment.

He explains that at the height of his career he made the decision to entrust his net worth with Weinberg, despite him not knowing that she didn’t have the proper licenses to perform the services she said she could. He says she used her position to defraud him through various schemes.

Freeney says her and her brother convinced him to take out a expensive whole life insurance policy with her brother acting as the insurance agent to get the commission. He says they advised him to take out a $55 milion life insurance policy which he paid $500k per year over 15 years. He says that they were well aware this was an “entirely unsuitable and inappropriate investments for Mr. Freeney, who was then age 29, single and in a sport where the average player retires by age 32;” … yet they received $450K in commission.

He says the policies lapsed and are worth nothing to him now. Freeney accuses them of knowing he didn’t need the $55 mill policy and they choose because the commission on the policies they offered him had 80-90% commission on the first year of the policy. He is suing for all the money he paid into the insurance policies and unspecified damages.  Read the exclusive Court Documents.

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