SEC charges former NFL All Star with violations


Former NFL Pro Bowler Dwight Sean Jones has been charged with violations of securities for refusing to allow SEC examiners to examine records of his business dealings.

According to the SEC's administrative proceeding (PDF file -- may take awhile to load) posted on the commission's website, "After repeatedly failing to respond to the Commission staff, the Order alleges, Jones ultimately claimed that all his records had either been destroyed in a fire or inadvertently sold by a storage company."

Don't you hate it when that happens?

A few months ago, Jones was indicted on charges that he and four other men embarked on a multi-million dollar mortgage fraud scheme. According to an Associated Press report of that indictment, Jones has been in and out of financial woes in recent years: "In December 2003 arbitrator Roger Kaplan ruled that he violated National Football League Players Association (NFLPA) regulations in his financial dealings with NFL player Ebenezer Ekuban, leading to Ekuban declaring bankruptcy in 2003. Former player Cris Dishman won a $396,000 judgment against Jones involving a bad investment. Jones received a two-year suspension, prohibiting him from representing NFL players until Feb. 26, 2005."

I have to ask: On the scale of really, really, exceptionally dumb crimes to commit, doesn't ripping off a 6'3", 275 pound defensive end have to rank pretty high?

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Last updated: February 10, 2012: 04:21 PM

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