We at Silver Miller are big sports fans. Professional sports franchises do much more than just compete against other teams in their sport, though. Professional sports franchises turn young athletes into millionaires and veteran athletes into multi-millionaires, which can prove dangerous if those athletes do not have a solid financial education or a trusted team of financial advisors to help them with their newly-created wealth. Compounding the problem of knowing how to manage sudden wealth is the “Fear Of Missing Out” (FOMO) on new and oftentimes exciting asset classes such as cryptocurrency. Rushing headlong into cryptocurrency investments without an adequate understanding of the crypto space can lead to financially devastating results and turn young millionaires into debtors quicker than a Nolan Ryan fastball.
Silver Miller has conducted educational seminars and provided educational materials to professional sports franchises to empower their employees and athletes with important information about our cryptocurrency litigation to help them navigate around the pitfalls so many other investors wish they had known before losing their investment funds to unscrupulous cryptocurrency purveyors and predators. As quickly as the cryptocurrency world evolves, crypto scammers evolve even faster. Silver Miller has likely investigated and litigated more cryptocurrency cases than any other law firm in the country, and our experience can be used to educate others before they fall victim to bad actors who prey on vulnerable investors with disposable wealth.
We welcome professional sports franchises to contact us to schedule seminars focused on educating both front/back office staff and players about the dangers that exist in the cryptocurrency world. By learning from the horror stories we have litigated on behalf of our clients, young athletes and sports team employees can avoid falling into those same traps and losing their hard-earned funds. A loss in a game on the field of play can often be overcome with a win in the next contest; however, a financial loss in a widely misunderstood asset class such as cryptocurrency can have devastating lifelong consequences that cannot be so easily overcome.