New York Yankees catcher Jorge Posada is scammed out of $11 MILLION in ‘jaw-dropping’ money-management scam
- Jorge Posada, 43, was approached by Cuban-American duo in 1999
- Juan Carlos Collar and Anthony Fernandez requested blind sign-offs
- In one scam they invested $3m of Posada’s money in their own land but he still has no legal stake in it
- Posada and his wife Laura are suing the pair for $11.2m in damages
Posada did not discover the conspiracy until after he fired Collar and Fernandez, who operated under their own company Quantum Family Office Group, for unrelated reasons in 2010.
Posada should have run all documents by his lawyer (not his wife), but I hope the perps do time.
Never have only one financial advisor.