Joseph Zada, a former financial advisor, was convicted of fifteen counts of fraud after allegedly swindling millions from twenty-eight investors. One of Zada’s most notable clients was former NHL Red Wing player, Sergei Fedorov. Over an 11 year period, Zada allegedly embezzled $43 million from Fedorov. In 2009, Fedorov filed suit against Zada and ended up with a $60 million award. The award was never paid back to Fedorov. Sentencing for Zada will take place on November 20, 2015 and he faces a maximum 300 year prison sentence.
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