Mike Tyson’s former financial advisor sentenced to prison

Discussion in 'Wall St. News' started by dealmaker, Sep 17, 2017.

  1. dealmaker

    dealmaker

    Mike Tyson’s former financial advisor sentenced to prison
    By John Aidan Byrne

    September 16, 2017 | 10:26pm

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    This round, it’s Mike Tyson who has been sucker-punched.

    The former heavyweight champ, basking in the glow of his successful one-man show in Las Vegas, is still licking his wounds after his ex-financial adviser, Brian J. Ourand, picked the champ’s pockets clean.

    Ourand, formerly of Live Nation-owned SFX Financial Advisory Management Enterprises, pleaded guilty in federal court in February to one count of wire fraud and was sentenced last week to 33 months in prison and agreed to pay back more than $1 million in the celebrity scheme.

    Ourand reportedly raked in $265,000 alone on unauthorized ATM withdrawals, debit and credit card fraud, along with more of Tyson’s loot.

    And it stung like a bee, according to The Post. Tyson was once so tight with Ourand that the champ invited the moneyman to his wedding to Lakiha Spicer.

    The theft was part of a brazen scheme by Ourand that also ensnared basketball stars Glen Rice, Dikembe Mutombo and other pro athletes, according to US Attorney Channing Phillips and Andrew Vale, assistant director in charge of the FBI’s DC field office.

    At the sentencing, Judge Tanya Chutkan also ordered Ourand to pay $1,002,390 in restitution, and levied the same sum as a forfeiture money judgment.

    In his plea deal, Ourand admitted to living it up with tanning sessions, dental work, gambling, hotels, golf fees and other purchases, according to a plea to one count of wire fraud.

    http://nypost.com/2017/09/16/mike-tysons-former-financial-advisor-sentenced-to-prison/
     
  2. zdreg

    zdreg

    in the boxing world with a champion, it is not much money.
     
  3. lindq

    lindq

    In a just world, he would have been sentenced to five minutes in the ring with Tyson.
     
    ironchef and dealmaker like this.
  4. comagnum

    comagnum

    Check this out, he barely taps Don King and knocks him over.

     
    dealmaker likes this.