Summary
Ippei Mizuhara's alleged theft of at least $16 million from Shohei Ohtani shocked the sports world. The story of a celebrity getting fleeced by a member of his inner circle is a tale as old as time. Billy Joel, Alanis Morissette, Dennis Rodman, Mark Sanchez are among those who have been victimized. In 2017, the former business manager for Alanis Morissette was sentenced to six years in federal prison. Federal authorities also allege that Mizuhara falsely identified himself as Ohtani. Tim Duncan accused a former financial adviser of scamming him out of more than $20 million. In 2018, a judge ordered Charles Banks IV to pay $7.5 million in restitution. The NFL Players Association requires agents and financial advisers to be registered with the association. The NBPA and MLBPA do not have certification requirements for financial advisers. "You can never transfer the responsibility for the ultimate result of your finances and your withholding," he says. "So, you can hire a lot of people to do a lot Of things, but you can never Transfer the responsibility"
