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April 22, 2015

Former NFL Player Out $2 Million

Former NFL player for the Green Bay Packers, Bruce Wilkerson, recently received a $2 million arbitration award against Resource Horizons Group. Unfortunately for Mr. Wilkerson, Resource Horizons Group is out of business and has a total of $6 million in unpaid FINRA arbitration award against the now defunct firm. Wilkerson initially lost $650,000 in a Ponzi scheme that was allegedly carried out by Robert Gist. According to an SEC complaint, Gist fabricated account statements for about 32 clients over a ten year period. To settle the allegations made by the SEC, Gist agreed to pay $5.4 million.

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