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NFL Star Dwight Freeney

Feds Bust Advisors

For Secretly Jacking Millions

3/26/2012 6:45 PM PDT BY TMZ STAFF

0326_dwight-freeney_getty_ex
While Indianapolis Colts stud Dwight Freeney was crushing NFL QBs ... 2 financial advisors allegedly sacked him in an embezzlement scheme involving millions of dollars, luxury hotels, and a private jet ... TMZ has learned.

According to the Federal complaint -- obtained by TMZ -- Eva D. Weinberg and Michael A. Stern were busted late last week after a lengthy investigation revealed how they "conspired to defraud victim D.F., a professional football player."

According to the docs, Weinberg is a financial advisor at Bank of America who worked with Freeney, controlled several of his accounts, and introduced him to Stern ... also a financial advisor.

The feds claim Weinberg and Stern did major damage between May 2010 and October 2011 -- making $2.2 million in fraudulent transfers from Dwight's accounts to Arms Reach Consulting -- a company controlled by Stern.

When Freeney finally noticed one of the bogus transfers in 2011, and discovered Weinberg and Stern were dating ... he called the FBI.

One FBI investigator says some of the items Weinberg and Stern purchased with Freeney's cash include expensive sunglasses, stays in luxury hotels, and -- best of all -- they planned to buy a private jet for $1.5 million!

According to the docs, agents even heard Stern brag on the phone ... "no one would be able to connect him to the [consulting] account if the wire transfers were investigated."

Clearly he was wrong ... agents arrested Weinberg in L.A. and Stern in Miami. Both were charged with wire fraud.

Calls to Freeney's attorney were not immediately returned.

For more sports stories, check out tmzsports.com!
26 COMMENTS

No Avatar
1.

Combichrist     

Oh... and erm, yes OT... erm.... I guess I haven't anything to say other than, nice going dude.

941 days ago
2.

Ishcabibble    

This poor guy.
Puts his trust in the hands of what are supposed to be legitimate financial advisers.
However, Bank of America-that should have been the first clue that his funds were about to fall down the rabbit hole.

941 days ago
3.

Chillin    

You are not buying a Private Jet with 1.5 mil you are buying a a plane not a jet .. you know like a new cesna
not any learjet .. second just cause you have money does not mean you need a advisor.. this story is total Fake Fabricated by dreams in some persons head

941 days ago
4.

Eat World    

Great job on the F.B.I.s part in nabbing these two thieves!
I's so sick of hearing about managers and financials advisors to sports and entretianers stealing from these people. I hope they go to jail for a a long time.
Those people who steal like that are pure evil!!!!!!!!!!!!!!!!

941 days ago
5.

Amy    

What an incredible football player... Not to mention cute too... And smart to catch these thiieves.l. I bet he would love to sack these two in court!!

941 days ago
6.

Joao    

Eva D. Weinberg and Michael A. Stern

941 days ago
7.

sean    

I just hope they get his money back from those low life criminals.

941 days ago
8.

KicksandGiggles    

Wow - hard for a player to hold his cash...... In addition to Baby Momma and his family hand stretched out, now he gotta pay advisors to watch the advisors!! Glad these bums are in jail!!!!

941 days ago
9.

Cognizant _illiberal    

You would think two homosexual Jewish financial advisers would have some morals. (sarcasm) hahaha Freeny's money paid for the expensive hotels and gay designer sunglasses these two guys were humping in.

941 days ago
10.

jimmy d    

Eva D. Weinberg and Michael A. Stern

@Joao: You beat me to it! LOL

941 days ago
11.

No comment    

It is like some bad politically incorrect joke - Jews and money.

941 days ago
12.

bf    

You would think on website that is run by a lot of jewish journalists, there will be less open anti-Semites.

941 days ago
13.

om    

When a player signs an NFL contract, they should tell him, "Here's the toll free number for Vanguard."

941 days ago
14.

RexOhara    

They should make those guys the teams new Tackle Dummies!

941 days ago
15.

pegasus    

Should have known not to let a Stern or Weinberg control your millions.

941 days ago
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