Last night, the NFLPA sent a Fraud Alert memorandum to all of its certified Contract Advisors. The memorandum, which was no more than a page in length, directed Contract Advisors to the attention of a man named Bill C. Crafton Jr. who also goes by “Billy Crafton.” The NFLPA, in conjunction with law enforcement, is currently investigating multiple alleged investment fraud claims involving NFL players, and every such complaint has included Crafton (a financial advisor) and Matthew Jennings, who was Chief Executive Officer of a company that was shut down by the Securities and Exchange Commission for being engaged in “a Ponzi like investment fraud scheme.” The NFLPA asks that if anyone has information relative to the matter, they contact [email protected].
Based on this document on SunTrust Banks Inc.’s website, Crafton began career at at a company called CSI Capital Management, founded Martin Kelly Capital Management in 2006, and then ultimately joined SunTrust in 2010 (UPDATE: Crafton’s employment with SunTrust ended September 2010). The article, written on January 8, 2010, states that most of Crafton’s client roster are professional baseball players, “including six that played in the 2009 Major League Baseball All-Star game.” If the NFLPA thought it was worthwhile to send out a “Fraud Alert,” will the MLBPA follow suit?
One reply on “NFLPA Distributes “Fraud Alert” Memo To All Contract Advisors”
We are investigating this Ponzi Scheme for a player. If you have any information,
please contact Jeffrey Sonn, Esq., at [email protected].