World Wide Sports Screw-Up
Dunyasha M. Yetts was once the big man on campus at The Ohio State University. He was the Big Ten wrestling champion of his weight class in 1994 and made it to the semifinal round of the NCAA Championship in wrestling that year.
His passion in the ring was transfered in the sports agent industry. After college, Yetts set up his own agency, World Wide Sports Group, and quickly made a lot of “investor friends.” These friends entrusted Yetts with their money and never saw any return or their initial investment ever again.
Yetts finally admitted that he was involved in an investment scam that took a total of $1.8 million away from his so-called friends [Ex-OSU wrestling champ admits investment scam]. He was involved in mail fraud and was stupid enough to have marijuana shipped to the address of his sports agency. Yetts will now serve 18 months in prison, but could have had a much harsher penalty had he not offered a guilty plea bargain.
I was able to trace the issue back to 2001, when the SEC seemed to have first taken action against Yetts [Securities and Exchange Commission v. Dunyasha M. Yetts, Worldwide Financial Group, Inc, World Wide Sports Group, Inc. and Gordon Yocom, Civ. Act. No. C2-01-1263 (S.D. Ohio)]. One of his associates was tried separately and told to pay $86,495.35 in damages [SEC Obtains Final Judgment Against Relief Defendant Gordon L. Yocom].
I always try to promote all the great things that agents are doing for their clients and others, but in order to truly open up the industry and give you all a glimpse of the entire scene, it is necessary to reveal those who commit stupid crimes. If we can weed out people like Yetts from our business, we will be doing ourselves a big service.