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Sergei Federov Files Lawsuit Claiming $43M Theft

Here is something I found on a Twitter update, an article on Yahoo! Sports.

I hate when stuff like this happens. Someone entrusts another with their financial affairs, hires them as their money manager and gets taken to the ringer.

If guilty, I hope they castrate the guy without painkillers (Joseph Zada according to the story). No sympathy here.
**********
DETROIT (AP)—Former Detroit Red Wings star Sergei Fedorov(notes) says a man entrusted to manage his money during the past 11 years swindled him out of $43 million.

In a lawsuit filed Thursday in Wayne County Circuit Court, Fedorov says Joseph Zada of Grosse Pointe Shores also broke a promise to repay him $60 million by April 20.

The suit says Zada “acting in concert with others” and “intentionally lied to Fedorov” whenever he asked about the money.

There was no answer Thursday at a number listed for Zada in Grosse Pointe Shores.

Fedorov, the 1994 NHL MVP and three-time Stanley Cup winner with the Red Wings, has signed a two-year contract with a Russian club of the Kontinental Hockey League. He has also played for Anaheim, Columbus and Washington.

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