Kosar_For_President Posted October 14, 2010 Report Share Posted October 14, 2010 Hall of Fame quarterback John Elway and a business partner invested $15 million with a hedge-fund manager who was recently arrested for running a Ponzi scheme. The Denver Post reported that the two invested $15 million with Sean Mueller in March with the understanding that the money would be placed in a trust until a final decision was made about where it would be invested. About 65 people had invested $71 million with Mueller over the past decade. Yet in April, Mueller only had $9.5 million, according to a state investigator. He turned himself in to authorities on Wednesday on charges of racketeering, securities fraud and theft, and is being held in prison on $2 million bond. Elway and his partner have asked that their claim be processed ahead of any other investors' because their $15 million was supposed to be placed in a trust, not pooled with the money of the rest of the hedge fund. According to an April filing, $12 million of Elway's money was placed into a Morgan Stanley trust account, as expected. The other $3 million has gone missing. Since retiring from football, Elway's personal life has veered toward the tragic. His father died of a heart attack, his twin sister passed away due to cancer and his wife left him all in a span of 15 months. Elway = life fail. Once a donkey always a donkey. Link to comment Share on other sites More sharing options...
TheClevelandSound Posted October 14, 2010 Report Share Posted October 14, 2010 Since retiring from football, Elway's personal life has veered toward the tragic. His father died of a heart attack, his twin sister passed away due to cancer and his wife left him all in a span of 15 months. I don't think making fun of him especially when something like this happened to him is very appropriate. Link to comment Share on other sites More sharing options...
Kosar_For_President Posted October 14, 2010 Author Report Share Posted October 14, 2010 I don't think making fun of him especially when something like this happened to him is very appropriate. xxxx him. Shit happens my man. That's what he gets for "the drive". Hope it was worth it. Link to comment Share on other sites More sharing options...
Speedyd900rr Posted October 14, 2010 Report Share Posted October 14, 2010 I hope he loses it all. Im sick of the press trying to make poor people feel sorry for rich people who do dumb things with they're money. Link to comment Share on other sites More sharing options...
Mr. T Posted October 14, 2010 Report Share Posted October 14, 2010 I hope he loses it all. Im sick of the press trying to make poor people feel sorry for rich people who do dumb things with they're money. Why is it we are supposed to feel sorry for the elite? Shit happens, deal with it. Where he goes, and what he does from here on out, will be his measure of being a success in life or just another burned out super star loser. It is Elways choice to be a victim or to be victorious. Link to comment Share on other sites More sharing options...
USFBrown Posted October 14, 2010 Report Share Posted October 14, 2010 When you got those type of bucks, you should chose a safe investment option and make a nice amount off interest. A fool and his money are easily parted. He's getting no pity from me, I DON'T PITY THA FOOL!!!! Link to comment Share on other sites More sharing options...
ballpeen Posted October 14, 2010 Report Share Posted October 14, 2010 First, he and his partner are out 3 mil....not 15 There is no interest being paid, so the days of living on interest are over...at least for now. It isn't a matter of pity or feeling sorry for him. It's the opposite where people seem glad this sort of thing happened.....those are the ones I pity. I didn't see posts of glee when Kosar lost his family and fortune. Link to comment Share on other sites More sharing options...
Jibz Posted October 14, 2010 Report Share Posted October 14, 2010 Browns fans are funny people. I hated losing to elway but those were some of the most exciting and depressing games I have ever watched. A heartbreak for sure but what an experience and it could have gone the other way and we would be making fun of Denver fans all these years. But instead, Browns fans wish bad luck and sadness on a person because of a game that we all love and one Jhn and the Broncos played extremely well. I think its unfortunate that he made poor financial decisions but it just dosent make sense to wish sadness and life problems on someone because of a game. Really people this makes you feel good about yourself? Link to comment Share on other sites More sharing options...
TheClevelandSound Posted October 14, 2010 Report Share Posted October 14, 2010 It is Elways choice to be a victim or to be victorious. I don't think Elway chose to lose a few members of his family in a 15 month span. Now I am not backing him up on his financial mishaps. However, give the guy a break. He has been through a lot. Link to comment Share on other sites More sharing options...
Unsympathetic Posted October 14, 2010 Report Share Posted October 14, 2010 Reveling in someone else's misfortune doesn't advance you any. Party foul. Link to comment Share on other sites More sharing options...
DieHardBrownsFan Posted October 14, 2010 Report Share Posted October 14, 2010 I hated Elway when he was against us, but I have to confess he was a great Quarterback. Link to comment Share on other sites More sharing options...
StrangeBru Posted October 14, 2010 Report Share Posted October 14, 2010 John Elway is a huge Happy Days fan, he thought he was investing in a Fonzi scheme. Link to comment Share on other sites More sharing options...
The Gipper Posted October 14, 2010 Report Share Posted October 14, 2010 First, he and his partner are out 3 mil....not 15 There is no interest being paid, so the days of living on interest are over...at least for now. It isn't a matter of pity or feeling sorry for him. It's the opposite where people seem glad this sort of thing happened.....those are the ones I pity. I didn't see posts of glee when Kosar lost his family and fortune. I think there were some trolls that expressed those sentiments of glee. Such a thing can happen to anyone. Like you said, NO interest is being paid, so people are trying to find some way to get a decent return on funds and this sort of risky investment becomes enticing. Link to comment Share on other sites More sharing options...
BATMAN Posted October 14, 2010 Report Share Posted October 14, 2010 I'm sory for his losses or anyones losses. Be it that they have money or not, they worked for it sacraficed for it and what have you. To be scammed is also a shame. A persons damages, failures or heartbreak feels the same no matter who, what or where they are in life. Link to comment Share on other sites More sharing options...
ballpeen Posted October 14, 2010 Report Share Posted October 14, 2010 I'm sory for his losses or anyones losses. Be it that they have money or not, they worked for it sacraficed for it and what have you. To be scammed is also a shame. A persons damages, failures or heartbreak feels the same no matter who, what or where they are in life. I don't know you Batman....so maybe you are very wealthy and astute in the ways of the world and money, but a lot of people at least fairly wealthy and astute in the ways of money have been scammed. In my lifetime I have probably lost $400,000 in investments gone bad.....just the way it goes....and those were without people trying to rip me off, so I guess that makes me a dumb ass....but I don't think so since I have a pretty nice nest egg and have done pretty well with my investments....let's just say I love McDonalds.....I bought in early and hard. McDonalds is the best restaurant company ever. Link to comment Share on other sites More sharing options...
Kosar_For_President Posted October 14, 2010 Author Report Share Posted October 14, 2010 I don't know you Batman....so maybe you are very wealthy and astute in the ways of the world and money, but a lot of people at least fairly wealthy and astute in the ways of money have been scammed. In my lifetime I have probably lost $400,000 in investments gone bad.....just the way it goes....and those were without people trying to rip me off, so I guess that makes me a dumb ass....but I don't think so since I have a pretty nice nest egg and have done pretty well with my investments....let's just say I love McDonalds.....I bought in early and hard. McDonalds is the best restaurant company ever. Peen I have a deal for you Link to comment Share on other sites More sharing options...
ballpeen Posted October 14, 2010 Report Share Posted October 14, 2010 I don't know you Batman....so maybe you are very wealthy and astute in the ways of the world and money, but a lot of people at least fairly wealthy and astute in the ways of money have been scammed. In my lifetime I have probably lost $400,000 in investments gone bad.....just the way it goes....and those were without people trying to rip me off, so I guess that makes me a dumb ass....but I don't think so since I have a pretty nice nest egg and have done pretty well with my investments....let's just say I love McDonalds.....I bought in early and hard. McDonalds is the best restaurant company ever. What's that?? You get on your knees and I give you $6?? Just kidding man.....just as you were Link to comment Share on other sites More sharing options...
sisky fringo Posted October 14, 2010 Report Share Posted October 14, 2010 oo I don't know you Batman....so maybe you are very wealthy and astute in the ways of the world and money, but a lot of people at least fairly wealthy and astute in the ways of money have been scammed. In my lifetime I have probably lost $400,000 in investments gone bad.....just the way it goes....and those were without people trying to rip me off, so I guess that makes me a dumb ass....but I don't think so since I have a pretty nice nest egg and have done pretty well with my investments....let's just say I love McDonalds.....I bought in early and hard. McDonalds is the best restaurant company ever. off-topic, but i have read your posts on this topic before. are you also on the Chipotle bandwagon? just asking, since McD's swallowed them up. far be it from me to offer financial advice to anyone i've never met face to face, but fwiw i think Chipotle is a solid buy as well and i recommend getting in again if you haven't already, Peen. jmo, of course. no comment on Elway. i won't even tune into the local about it. then again, i don't even have tv right now so....... Link to comment Share on other sites More sharing options...
ballpeen Posted October 14, 2010 Report Share Posted October 14, 2010 oo off-topic, but i have read your posts on this topic before. are you also on the Chipotle bandwagon? just asking, since McD's swallowed them up. far be it from me to offer financial advice to anyone i've never met face to face, but fwiw i think Chipotle is a solid buy as well and i recommend getting in again if you haven't already, Peen. jmo, of course. Not sure what you are saying here OK....edit here....just got it. If the Golden Arches are involved, I buy. Link to comment Share on other sites More sharing options...
sisky fringo Posted October 14, 2010 Report Share Posted October 14, 2010 Not sure what you are saying heregoogle "chipotle". it's a good chain, coming soon to a theatre near you. or town rather. they've been in Cincy for over 5 yrs so i find it hard to believe you are not familiar, so i'm saying buy in. or if you still don't know, just disregard it all. edit: worth taking a look for sure. i'll pm some specifics. i considered working for them. Link to comment Share on other sites More sharing options...
BATMAN Posted October 14, 2010 Report Share Posted October 14, 2010 I don't know you Batman....so maybe you are very wealthy and astute in the ways of the world and money, but a lot of people at least fairly wealthy and astute in the ways of money have been scammed. In my lifetime I have probably lost $400,000 in investments gone bad.....just the way it goes....and those were without people trying to rip me off, so I guess that makes me a dumb ass....but I don't think so since I have a pretty nice nest egg and have done pretty well with my investments....let's just say I love McDonalds.....I bought in early and hard. McDonalds is the best restaurant company ever. I'm sure there are many wealthy people that have been scammed. As I said, I feel for anyone that goes through a tough time. Glad your McDonald stock is doing so well....you can thank me and my kids. Link to comment Share on other sites More sharing options...
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