According to a report from Yahoo! Wednesday night, federal investigators are probing an alleged $18 million scam involving NFL and NBA players, including former Kentucky guard Brandon Knight. The report says Knight is one of many professional athletes who were duped into purchasing fraudulent and unregistered promissory notes from Success Trade, a firm that is in hot water and was ordered to stop fundraising last week.
The damage to Knight’s bank account is unknown, but investments ranged anywhere from $50,000 to more than $500,000, and there’s a good chance he won’t be getting his money back.
Tough news for the former Cat.