{"id":203158,"date":"2025-10-10T14:45:08","date_gmt":"2025-10-10T14:45:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/203158\/"},"modified":"2025-10-10T14:45:08","modified_gmt":"2025-10-10T14:45:08","slug":"reshad-jones-gets-9-5-million-from-merrill-lynch-in-fraud-case","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/203158\/","title":{"rendered":"Reshad Jones gets $9.5 million from Merrill Lynch in fraud case"},"content":{"rendered":"<p>Former Pro Bowl safety Reshad Jones, who spent 10 years with the Dolphins (2010 to 2019) has scored a very big victory away from football.<\/p>\n<p>Via Xuan Thai of ESPN.com, Jones settled a lawsuit against Merrill Lynch <a class=\"Link\" href=\"https:\/\/www.espn.com\/nfl\/story\/_\/id\/46545115\/merrill-lynch-pay-ex-pro-bowler-reshad-jones-95m-settle-fraud-suit\" target=\"_blank\" rel=\"noopener nofollow\">for $9.5 million<\/a>.<\/p>\n<p>The liability arose from the activities of former Merrill Lynch employee Isaiah Williams, who allegedly stole $1.56 million from Jones\u2019s financial accounts in 133 separate transactions. Williams allegedly worked with another person, Octivia Monique Graham, to steal an additional $1.03 million \u201cthrough a complicated laundering scheme involving bank and cash app transfers.\u201d<\/p>\n<p>Jones initially sought $16 million from Merrill Lynch in an arbitration filing. The case was settled in August. Earlier this week, InvestmentNews reported on the resolution of the claim.<\/p>\n<p>Williams faces criminal charges (first-degree organized fraud and first-degree grand theft) with a potential sentence of up to 30 years in prison. He\u2019s currently free on $1 million bail.<\/p>\n<p>The situation underscores one of the biggest challenges pro athletes face. Who can be trusted with their money? <\/p>\n<p>Jones made more than $56 million during his NFL career. Where do you put it? How do you keep track of it? <\/p>\n<p>And how do you protect it from those who may be tempted to pluck a stray cookie or two from an overstuffed jar?<\/p>\n","protected":false},"excerpt":{"rendered":"Former Pro Bowl safety Reshad Jones, who spent 10 years with the Dolphins (2010 to 2019) has scored&hellip;\n","protected":false},"author":2,"featured_media":203159,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[559],"tags":[64,63,593,85],"class_list":["post-203158","post","type-post","status-publish","format-standard","has-post-thumbnail","category-nfl","tag-au","tag-australia","tag-nfl","tag-sports"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/203158","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=203158"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/203158\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/203159"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=203158"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=203158"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=203158"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}