Skip to main content

Adviser gets 5 years in prison for defrauding NFL players

  • Author:
  • Publish date:

WINSTON-SALEM, N.C. (AP) A North Carolina financial adviser has been sentenced to more than five years in prison for stealing about $3 million from his clients, including at least two pro football players.

Michael Rowan, of High Point, received the sentence Wednesday after pleading guilty late last year to wire fraud and filing a false income tax return. Federal prosecutors say he stole $2.9 million from clients.

Court documents say Rowan provided NFL players with wealth management services under deals that allowed him to access their bank accounts.

Prosecutors say Rowan transferred money into his own accounts without his clients' knowledge. The court documents don't name the NFL players.

An attorney for the 46-year-old Rowan didn't immediately respond to an email seeking comment.

© 2024 ABG-SI LLC. SPORTS ILLUSTRATED IS A REGISTERED TRADEMARK OF ABG-SI LLC. - All Rights Reserved. The content on this site is for entertainment and educational purposes only. All betting content is intended for an audience ages 21+. All advice, including picks and predictions, is based on individual commentators’ opinions and not that of Minute Media or its related brands. All picks and predictions are suggestions only. No one should expect to make money from the picks and predictions discussed on this website. For more information, please read our Legal Disclaimer. Gambling content intended for 21+. If you or someone you know has a gambling problem, crisis counseling and referral services can be accessed by calling 1-800-GAMBLER.