Former NFL player, Longhorn sues money manager

December 17, 2013 2:29:53 PM PST
Rickey Williams, the former Heisman Trophy winning running back for the Texas Longhorns and several NFL clubs has filed suit against his financial manager.

The suit, which was filed in federal court, accuses Peggy Fulford of King Management Group of transferring at least $6 million of the $11 million Williams invested with her.

The lawsuit claims Fulford falsely represented herself as a Harvard graduate and that Williams and his wife have been unable to contact Fulford or get a full accountability of their finances. Williams and his wife claim that Fulford prepared their 2010 tax return, which resulted in an audit and an IRS tax bill of about $375,000.

According to the suit, Williams does receive money from University of Incarnate Word, where he coaches and ESPN; however, they are dependent on a monthly stipend from Fulford to pay expenses.

Williams is asking for damages and is seeking a temporary restraining order to prevent Fulford from moving, transferring or using any of Williams' assets

Williams won the Heisman Trophy in 1998 and played for New Orleans, Miami and Baltimore in the NFL from 1999 to 2011.

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