A Warren Moon scam making headlines today involves a whopping $200,000 investment that the NFL Hall of Fame quarterback shelled out in the belief that he was purchasing an opportunity to own part of the NBA team Miami Heat.
On Jan. 25, 2014, Sporting News reported that Warren Moon's agent transferred the money via wire transfer to a Southern California bank per the instructions of someone named George French Jones.
In exchange for the $200,000, Warren Moon would receive for floor seats to Miami Heat home games, which were to be considered an opening for him to purchase a 5% stake in the Heat.
According to Celebrity Net Worth, "Warren Moon is a former football player and sports broadcaster with an estimated net worth of $10 million dollars." Yet, Sporting News reported, "Forbes magazine recently estimated the value of the Heat franchise at $770 million; 5 percent would be $38.5 million."
Unfortunately for Warren Moon, the scam left him without the money, without the tickets and without the opportunity to buy into the Miami Heat. Although Warren Moon's company is reportedly suing the man allegedly responsible for the scam, Jones has disappeared, according to documents obtained by KTTV.