Rocky Mountain News – A private eye known for uncovering the hidden riches of Saddam Hussein may try to hunt down millions of dollars – including investments by former Denver Broncos – in an allegedhedge fund fraud.
Kroll Inc., whose sleuths could receive up to $450 an hour, has been asked to search for the assets of International Management Associates, an Atlanta firm, according to court documents filed Thursday. An agreement to hire the high-profile investigator awaits court approval.
Federal regulators have accused the company and its founder and Chief Executive Kirk Wright of hiding “massive” losses from investors after reeling in as much as $185 million from hundreds of people, including a few one-time Broncos, prominent doctors and others.
Nearly all of the cash has vanished, according to the lawsuit filed by the Securities and Exchange Commission.
The allegations came on the heels of a complaint leveled by former Broncos Steve Atwater, Terrell Davis and Ray Crockett, and current wide receiver Rod Smith.
