New York, NY (Law Firm Newswire) October 25, 2016 – Zamansky LLC announces that it is investigating the Jeffrey Rubin and Pro Sports Financial athlete fraud scandal for supervisory failures by potentially culpable third-parties.
FINRA Regulators barred broker Jeffrey Rubin of Pro Sports Financial, in Florida, from the securities industry for making unsuitable recommendations to his customer, an NFL player, who lost $3 million from an illiquid, high-risk investment issued in connection with a now-bankrupt Country Crossing casino in Alabama. Based on Rubin’s referrals, 30 other NFL players also invested in the casino project and lost approximately $40 million.
Our firm is investigating the potential culpability of third-party firms for failure to supervise the athlete fraud by Jeffrey Rubin and Pro Sports Financial, according to investment fraud attorney Jacob Zamansky. Between January 2008 through March 2011, Jeffrey Rubin was registered as a broker Alterna Capital Corporation and International Assets Advisory, LLC. Under FINRA Rules, these firms had duties to supervise him for “selling away,” Jacob Zamansky says. We are investigating potential legal claims against third-parties to recover losses suffered by Mr. Rubin’s victims based on supervisory violations, Zamansky says.
Athlete Fraud Victims – What You Can Do
If you were a victim of Jeffrey Rubin and Pro Sports Financial athlete fraud scandal and suffered a loss, you may contact us to discuss your legal rights, without obligation or cost to you, by email to [email protected] or telephone at (212) 742-1414.
About Zamansky LLC
Zamansky LLC is a leading investment fraud law firm specializing in securities, hedge fund, athlete fraud and shareholder class action litigation, and FINRA securities arbitration. We are investment fraud attorneys who represent both individual and institutional investors. Our practice is nationally recognized for our ability to aggressively prosecute cases and recover investment losses.
To learn more about Zamansky LLC, please visit our website, http://www.zamansky.com
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Jake Zamansky, 212-742-1414