Former Lenexa, Kansas broker and investment adviser Douglas Elstun (CRD# 2338588) has been named in a pending SEC enforcement action...Read More
NFL Agent & 7X Pro Bowl Client Lost $1.2 Million Investing With Fraudster
NFL agent Vincent (Vince) Taylor of Elite Loyalty Sports and his client, who appears to be 7x Pro Bowl Washington Redskins offensive tackle Trent Williams, are out $1.2 million after investing with a woman named Sua Lee, who “has accumulated numerous convictions related to identity theft.” Lee was recently sentenced to more than four years in prison for stealing the identity of a woman from Alexandria, Virginia. The Washington Post reported the story today.
Taylor sent a letter to the court detailing what happened to him and his client. According to Taylor’s letter, him and his NFL client met a woman using the name “Cindy Lin” at Porsche dealership in McLean, Virginia. Lin later flew to Houston to meet with Taylor and his client to discuss buying shares in her company, EIGC Live, which would allegedly be purchasing Monumental Sports, making her the majority owner of the Washington Wizards.
According to the letter, Taylor and his client invested $1.2 million in Lin’s company. He says they “later got suspicious of her because of her lavish lifestyle, multiple high end sports cars and inconsistencies in her stories.” They also found out that her name is Sua Lee and she was not in her thirties as she claimed. Ultimately, it later came out in court that her name is actually not Cindy Lin or Sua Lee, but is Siew Im Cheah, even though she has been using the name Sua Lee for almost twenty years.
Taylor says he asked for their money back in December 2016, and still has not received it. He goes on to say, “had we known she was not being honest about her real identity, age and her criminal background we would have never trusted her. Sua Lee is very manipulative and has shown no remorse for the headaches she has caused us and our families.”
A copy of Taylor’s letter to the court is below: