- Associated Press - Wednesday, April 26, 2017

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.

Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times is switching its third-party commenting system from Disqus to Spot.IM. You will need to either create an account with Spot.im or if you wish to use your Disqus account look under the Conversation for the link "Have a Disqus Account?". Please read our Comment Policy before commenting.

 

Click to Read More

Click to Hide