Dez Bryant, the wide receiver for the Dallas Cowboy, is suing Texas State Senator Royce West for financial fraud. West used to be Bryant’s adviser. The NFL football player is claiming breach of fiduciary and professional obligation.
West was Bryant’s adviser and lawyer. According to the Dallas Cowboy player’s Texas securities fraud case, West recommended his friend David Wells as a financial manager to Bryant even though for had more than $1K in pending judgments against him in 2010 alone.
Because of West’s recommendation, Bryant gave Wells power of attorney and signatory authority over his banks accounts. The football star said that Wells stole more than $200K from him.
Wells and West had helped Bryant establish Dez I Enterpries, Inc., which was supposed to help the Dallas player bring in endorsement and marketing deals using his image, name, and likeness. Bryant claims that West told endorsement companies and other parties to issue the payments to Wells. The money was supposed to go to Bryant but he claims that he never received them. The NFL football player wants to recover his losses, as well as the fees that he paid.
Bryant’s Texas securities fraud case is a countersuit and comes a month after West filed his lawsuit suing the football player for damages related to a rental house. The Texas state senator wants up to $200k for alleged damages sustained by the home, which Bryant had rented. According to Bryant, Wells owes him more than that from the endorsements.
Texas Securities Fraud
Our Dallas securities law firm represents professional athletes seeking to recover damages they sustained from Texas financial fraud. We represent investors throughout the U.S. Contact Shepherd Smith Edwards and Kantas, LTD LLP today.
Dallas Cowboy’s Dez Bryant sues former adviser over alleged theft, InvestmentNews, July 20, 2016
Dez Bryant has attorney send cease-and-desist letter to adviser David Wells, NBC Sports, April 17, 2015