IBJNews

Two charged in $2.2M scheme against Colts' Freeney

Back to TopCommentsE-mailPrintBookmark and Share

A financial adviser for Indianapolis Colts defensive end Dwight Freeney and the adviser's lover have been arrested on federal wire fraud charges that allege they swindled about $2.2 million from the lineman.

Eva Weinberg, 48, of Los Angeles, and Michael Stern, 51, of Miami, were arrested last week by FBI agents who believe the couple were trying to flee the United States.

Stern appeared in a Miami courtroom Wednesday and will be extradited in the coming weeks to California, where he and Weinberg face charges.

"Mr. Stern denies he violated the law and it's his position he and Ms. Weinberg didn't steal any money from Mr. Freeney," said Stern's attorney, Henry Bell.

Weinberg has posted $225,000 bond. A phone message left for her attorney, Mark Byrne, was not immediately returned. Freeney was not available for comment, his publicist said.

An FBI affidavit only identified Freeney by his initials, but Bell confirmed that the perennial Pro Bowler was the purported victim.

Weinberg worked as Freeney's financial adviser for the past two years after leaving Bank of America Corp.'s Merrill Lynch financial management division. She handled his personal finances, real estate investments and business dealings involving a Hollywood restaurant, Rolling Stone LA.

About $2.2 million was wired in nearly 140 separate transactions from Freeney's bank account by Weinberg to Arm's Reach Consulting, a company owned by Stern, between June 2010 and October 2011, authorities said. Freeney didn't approve the transfers and was unaware Stern was the recipient.

Stern told a confidential informant in recorded conversations that the money transferred to him by Weinberg was to be used to pay his bills and personal expenses, according to the affidavit. He also said $1.5 million was going to be put toward buying a private jet, court records show.

The informant also told investigators that Stern intended to flee the U.S., possibly to the Bahamas, Trinidad or Israel, and had plans to travel to Los Angeles to get Weinberg before she was arrested.

Freeney, 32, has recorded 102-1/2 sacks in his 10-year professional career and is scheduled to make a base salary of $14 million in 2012.

ADVERTISEMENT

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
  1. In reality, Lilly is maintaining profit by cutting costs such as Indiana/US citizen IT workers by a significant amount with their Tata Indian consulting connection, increasing Indian H1B's at Lillys Indiana locations significantly and offshoring to India high paying Indiana jobs to cut costs and increase profit at the expense of U.S. workers.

  2. I think perhaps there is legal precedence here in that the laws were intended for family farms, not pig processing plants on a huge scale. There has to be a way to squash this judges judgment and overrule her dumb judgement. Perhaps she should be required to live in one of those neighbors houses for a month next to the farm to see how she likes it. She is there to protect the people, not the corporations.

  3. http://www.omafra.gov.on.ca/english/engineer/facts/03-111.htm Corporate farms are not farms, they are indeed factories on a huge scale. The amount of waste and unhealthy smells are environmentally unsafe. If they want to do this, they should be forced to buy a boundary around their farm at a premium price to the homeowners and landowners that have to eat, sleep, and live in a cesspool of pig smells. Imagine living in a house that smells like a restroom all the time. Does the state really believe they should take the side of these corporate farms and not protect Indiana citizens. Perhaps justifiable they should force all the management of the farms to live on the farm itself and not live probably far away from there. Would be interesting to investigate the housing locations of those working at and managing the corporate farms.

  4. downtown in the same area as O'malia's. 350 E New York. Not sure that another one could survive. I agree a Target is needed d'town. Downtown Philly even had a 3 story Kmart for its downtown residents.

  5. Indy-area residents... most of you have no idea how AMAZING Aurelio's is. South of Chicago was a cool pizza place... but it pales in comparison to the heavenly thin crust Aurelio's pizza. Their deep dish is pretty good too. My waistline is expanding just thinking about this!

ADVERTISEMENT