10 Famous Athletes Who Lost Millions to Fraud and Ponzi Schemes

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Travis Kelce was identified as a victim in a $35 million Ponzi scheme, renewing attention on the financial risks athletes face when they trust advisers, agents and investment managers with their wealth. This list examines major fraud cases involving sports stars, including Shohei Ohtani, Cristiano Ronaldo, Scottie Pippen, Kevin Garnett, Tim Duncan, Mike Tyson and Usain Bolt. The cases range from stolen bank funds and fake investments to fraudulent loans and misuse of athletes' earnings. Several of the people accused or convicted in these cases received prison sentences, while some athletes pursued civil claims to recover part of their losses. The stories underline the importance of independent oversight and careful financial management, even for the world's highest-paid sports figures.

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