The Los Angeles Times Reports:
Former tennis champion Tracy Austin on Tuesday joined an all-star cast of sports figures in accusing a prominent Los Angeles investment broker of defrauding them.
In a civil lawsuit filed in Los Angeles County Superior Court, Austin and her husband, Scott Holt, alleged that Gary R. Fournier charged excessive commissions on bond trades and “churned” their accounts to generate fees from unnecessary transactions…
Her allegations mirror those previously made against Fournier by other sports figures, including Los Angeles Lakers great Jerry West and General Manager Mitch Kupchak; former National Basketball Assn. players B.J. Armstrong and Stacey Augmon; and former Major League Baseball players Sean Douglass and Rex Hudler, now a member of the Angels broadcast team.
I’m still waiting for Stephen Colbert to join the suit.
Source:
Former tennis star Tracy Austin accuses broker Gary Fournier of fraud
Kim Christensen
Los Angeles Times
August 13, 2008