Further, the NFL stars claimed that the former financial adviser to the NFL players – Jeff Rubin – was banned from ever working in the finance industry back in 2012 …. after it was found that he was advising his clients to invest in illegal projects.
The lawsuit alleged that Rubin forced players names to open accounts and the bank was well aware of what he was doing along with authorizing suspicious withdraws from their accounts, providing accounting to Pro Sports rather than them, allowing Rubin to be power of attorney of their accounts with them and giving the bank that authorization. The complaint stated that Lewis lost a total of $3.7 million, Santonio Holmes lost $1.1 million, Frank Gore lost $1.6 Million, Brandon Meriweather lost a total of $3.5 million and the rest of the NFL stars suing lost millions of their cash.
BB&T then fired back at the NFL players 52 million dollar lawsuit this week in court docs. The bank explains that the players had full authority to request bank statements regarding their accounts.
Also, BB&T blames the NFL players for waiting too long to take action against any alleged fraud, which the law says a person must notify the bank within 180 days — something they say the NFL players did not do.
BB&T also claims that all the players signed away the power to Pro Sports to make transactions with their money — meaning they weren’t suppose to question any movement of funds done by Pro Sports because they had every right to do so.
The bank blames the players negligence for the millions of dollars lost, since the players should have reviewed their accounts and checked that the balances were correct. They demanded the lawsuit be dismissed.
Then on March 2nd, Gore filed documents in the case explaining he has accepted a settlement offer from BB&T. The agreement states that the bank will pay Gore a total of $1,000 which will be paid within 5 days of the agreement being signed. The settlement deal will dismiss all claims against the bank in exchange for the 1k.
Interesting that Gore accepted the offer … given he claimed to have lost a total of $1.6 MILLION dollars due to the banks negligence. The other NFL players will continue on with their legal battle against the bank. See the exclusive court docs.