The NFL’s investigation centers around 2010 draft picks, Arizona Cardinals linebacker Daryl Washington, Oakland Raiders defensive tackle Lamarr Houston and Denver Broncos cornerback Parrish Cox who are the alleged victims of former Bengals cornerback Horace Smith’s fraud scheme and have been interviewed by the NFL.
The NFLPA is also investigating Smith who was fired back in February from his position as a director of college scouting for a Dallas based sports agency Woy and Willis Sports Group. Ironically Woy and Willis represent all three rookies who were allegedly targets of the fraud.
The Dallas based sports group has filed a suit against Smith in the name of the groups partner Jordan Woy, In the suit they are seeking an restraining order and temporary injunctive relief in response to Smith’s involvement in the scam.
Woy and Willis’s law suit states that Smith took out numerous loans at excessive high interest rates in the amount of $350,000 using the rookies’ names without them knowing it, then had the money forwarded to a secret brokerage firm account in New York City, where Smith would access the funds for his own use.
The law suit also states that Smith engaged in several extravagant and unauthorized purchases on behalf of the players which included rental cars (which one has yet to be accounted for), custom jewelry, homes, trips etc.
Supposedly he was able to do all of this and more by executing promissory notes from the players which he forged the signatures of the players and of key figures of the Dallas based sports group. To make matters worse this fool Smith even has his wife caught up in this mess as she too is named in the law suit.
This isn’t Smith’s first involvement with a law suit or an investigation relating to loans and fraudulent transactions. Back in 2007 Smith and his cousin former Houston Oilers and Green Bay Packers defensive end Sean Jones were investigated by the SEC (no not the football conference) for doing shady stuff.
Jones and several others were eventually convicted in that same year on mortgage fraud charges stemming from……….you guessed it, bogus loans that were diverted in to accounts for personal use.
The thing that makes me do the gas face and say WTF is, “How and why did the owners of Woy and Willis Sports Group hire Smith as an employee of their firm when Smith’s past isn’t a good one nor is it a secret?” What kind of background check did the Woy and Willis Sports Group conduct or is that even part of the hiring process at their firm?
Personally I think there is more to this story. The whole sports group could be dirty and now they are throwing the most likely suspect under the bus. I just don’t see how an individual like Smith with the history he has gets a job with a sports firm without some strings being pulled somewhere unless the whole firm is crooked. Or maybe they knew this was going on but turned a blind eye to it and now are doing damage control to save their business. Something just doesn’t sound right if you ask me.