NFL stars who’ve flagged their advisers
In a tale worthy of Huey Long, New Orleans tight end Jeremy Shockey and other players sued one-time Saints teammate Kevin Houser in March. Mr. Shockey claimed the long snapper, acting as an agent of Securities America Inc., promoted Louisiana tax credits as a way to raise money for Louisiana Film Studios LLC. Saints head coach Sean Payton also sued Mr. Houser over a $144,000 investment tied to the movie studio.
Mr. Houser has denied any wrongdoing. However, Wayne Read, the chief executive of the now-defunct film studio, admitted in federal court in May that he knowingly sold tax credits that did not exist. The fraud reportedly cost Saints players, former players and coaches $1.9 million. [Photo: NewOrleansSaints.com]