John Elway and a "business partner" invested $15 million with a hedge fund manager named Sean Mueller who is now charged with running a Ponzi scheme. John Elway's net worth is around $45 million (according to celebritynetworth.com, although don't know how accurate these numbers are). You would think Elway would be a little smarter with his money considering he has an economics degree from Stanford. I wonder why professional athletes don't take their money seriously when they know their careers statistically are usually less than a decade. Of course there are few exceptions like Michael Jordan, Tiger Woods (before his divorce), and Magic Johnson. Hopefully, Elway learns from this mistake and will be more careful with his investing in the future. Mistakes are the best tool for learning.
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