"Aliya Sports Finance Fund wired $4.375 million to a borrower it believed was Green Bay Packers star Xavier McKinney, only to discover it was a scam."
"The lawsuit alleges that Sure Sports did not perform satisfactory due diligence when introducing the impersonator to the lender, leading to the fraudulent transaction."
"The FBI is currently probing the transaction, and the case is scheduled for a three-week trial beginning on 13 July."
"Sure Sports, which has managed numerous debt deals, is accused of negligence, unjust enrichment, and negligent misrepresentation in the lawsuit filed by Aliya."
A lender mistakenly wired $4.375 million to an impersonator of NFL player Xavier McKinney, believing the transaction was legitimate. The lender, Aliya Sports Finance Fund, has filed a lawsuit against Sure Sports for failing to conduct proper due diligence. The FBI is investigating the case, which is set for trial in July. Sure Sports, which connects athletes with lenders, is accused of negligence and misrepresentation. The loan was finalized shortly after McKinney signed a significant contract with the Packers.
Read at www.theguardian.com
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