Dodgers Minor-League Investor Charged With Stealing $43 Million in Client Funds
By Brendan Azoff
Well, this is not good news at ALL for L.A. One of the Los Angeles Dodgers investors, Jason Sugarman, who is a partner with the Triple-A affiliate Oklahoma City Dodgers, has been charged by the SEC in a scheme with others to steal $43 million in clients funds.
Investor involved is also a partner in OKC #Dodgers https://t.co/wDNIRyDt2o
— Bill Plunkett (@billplunkettocr) July 10, 2019
Sugarman and a partner attempted to control multiple firms so that they could steal upwards of $43 million from clients, with Sugarman pocketing $9 million throughout the process, per The Orange County Register.
Sugarman is the co-owner of the Los Angeles Football Club, as well as a partner in both ownership groups connected to the Golden State Warriors and Los Angeles Dodgers.
Jason Sugarman has ties to the Dodgers and Warriors too.
— Allan Bell (@AllanBell247) July 10, 2019
The LA Football club is owned by him, Magic Johnson and Will Ferrell. https://t.co/F7uFgFHrET
The investigation and allegations are extremely serious, and Sugarman's connection with a former financier who is already in prison, Jason Galanis, raises even more red flags on the matter. Sugarman's involvement in this scheme has to have business parters like Magic Johnson and Will Ferrell a little bit rattled, as they have to be concerned about their own money possibly have been stolen by Sugarman.