Lawyer sentenced to 18 months in jail for defrauding NFL players including Adalius Thomas, Ray Lewis

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Former New England Patriots and Baltimore Ravens linebacker Adalius Thomas was one of several people defrauded by Chicago lawyer Gary Stern in a tax credits scheme.

According to Jason Meisner of the Chicago Tribune, Stern was sentenced to 18 months in prison on Wednesday for the fraud scheme that Thomas told the court has left his credit is such ruin that he cannot even lease a car.

“I can’t go and say, ‘I’m a good person, can you excuse this?'” Thomas said.

Stern’s actions stuck Thomas with a bill from the IRS of nearly $1 million that he is working to repay. The scheme involved investing money in fraudulent renewable energy tax credits. The result was defrauding the government of millions of dollars of tax revenue and leaving the individuals stuck with the financial damage.

Stern pleaded guilty to the charges last year but had not yet been sentenced. Ray Lewis, Terrell Owens and Duane Starks are other former NFL players listed as having been defrauded by Stern in the court filings. Per Meisner, close to 20 NFL players lost money in the fraud.

18 responses to “Lawyer sentenced to 18 months in jail for defrauding NFL players including Adalius Thomas, Ray Lewis

  1. Somehow I just can’t bring myself to feel sorry for Ray Lewis or Terrell Owens, even though I hope they put this guy Stern in jail and throw away the key.

  2. That’s more time than Ray Lewis spent in jail after taking part in a murder and losing his suit that had the victims blood all over it. How odd is this country??? The NFL Commissioner literally said he is not an NFL expert. Jemele Hill stays but Schilling gets fired for saying men should use the mens bathroom. How odd is that??

  3. Investing in tax credits is for experienced (real) investors. These guys are mostly dopes (except for football smarts/talent). Go buy some mutual funds, municipal bonds, real estate, and even CDs. Keep it simple. The irony here is Adalious Thomas ripped off the Patriots by getting lazy after the big contract.

  4. 18 months? That’s all? For ripping off both investors AND tax payers?
    Good thing he wasn’t selling individual cigarettes without a licence.

  5. Isn’t every tax credit a ripoff or a payoff? Why do these get special treatment over the BS that Tesla gets, Solyndra got or all the rest of the BS?

  6. Poorly educated, suddenly rich athletes are of course targets for scumbags like Gary Stern. He’s not the first to target this group and he won’t be the last, fortunately he was caught and will do his time.

  7. How many times do you hear of these players “investing” only to get scammed. Most people with even a little bit of intelligence can recognize a scam when they see it. I guess that doesn’t say much about the victims of this guy’s scam.

  8. I’m not a big fan of lawyers but I am of Shakespeare. The line from Henry VI “The first thing we do is lets’s kill the lawyers” is typically misapplied as a knock on lawyers. In the context of the play it’s actually a compliment. Taken in context it means if you want to have chaos and anarchy the first thing we do is kill the lawyers. The Bard deserves better.

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