Brandon Knight seems like a good dude, but all he catches are bad breaks. According to a Yahoo! Sports investigation, Knight was among at least 30 athletes who were defrauded for $18 million by Success Trade.
During an 18-month investigation, Yahoo! Sports identified multiple athletes that purchased promissory notes from Success Trade. Among them were Detroit Pistons guard Brandon Knight, Cleveland Browns cornerback Joe Haden, San Francisco 49ers tight end Vernon Davis, former Washington Redskins running back Clinton Portis and former Chicago Bears defensive end Adewale Ogunleye.
Brahmbhatt told Yahoo! Sports late last week that he had more than 30 clients who had purchased around $12 million worth of the fraudulent notes from Success Trade. Sources said those investments ranged anywhere from $50,000 to more than $500,000.
Athletes are targets in more ways than one, but this could have happened to anyone. From what we can tell, these athletes had the intent of making wise and prudent financial manuevers. Instead, they fell for the game.