Friday, August 23rd, 2013 at 12:00 pm  |  18 responses

Miami Heat Players Allegedly Ripped Off By Scam Artist

A man named Haider Zafar is accused of swindling people (including Miami Heat players, and Memphis Grizzlies forward Mike Miller) out of millions of dollars. Per the Columbus Dispatch (via Hot Hot Hoops): “NBA basketball player Mike Miller lost money he had invested with Haider Zafar, a witness testified in a bond hearing in federal court. Zafar is charged with defrauding a Washington, D.C.-area businessman in an unrelated $10 million real-estate investment. A former Dublin resident charged with swindling a businessman out of $10 million in a real-estate scheme also ripped off Miami Heat basketball players, a witness said yesterday in federal court in Columbus. That testimony against Haider Zafar helped persuade U.S. District Judge Edmund A. Sargus to keep Zafar in jail as he awaits trial on the swindling scheme. Sargus ruled that Zafar, 35, now of southern Florida, would not be released on bond because he is a flight risk and a danger to the community. ‘The longer the potential sentence, the greater the risk of flight,’ Sargus said. Punishment for each of the 135 counts against Zafar ranges from one to 20 years in prison. [...] Assistant U.S. Attorney Dale Williams put international-investment attorney Andrew Fine on the stand during the detention hearing to detail an investment scheme Zafar operated in Florida. Fine said some Miami Heat players, including former forward Mike Miller, and other Florida residents had invested $8 million with Zafar. When Fine, on behalf of some of those investors, questioned Zafar about where the money was, Zafar told him, ‘They can’t touch me in Pakistan.’”

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  • Dfrance

    I have 0 sympathy for the guys that got swindled. This dude basically came to them like a walking talking “Help me get these millions from my deceased cousin in Africa” email and they fell for it.

    I understand wanting your money to work for you, but why not go to a brokerage firm and do it the “right” way? At least when an FA squanders all your cash, he can show you exactly how he did it and won’t flee the country.

  • Busta213

    You say that as if legit firms arent full of swindlers too.
    Like they said in that ESPN doc they had on broke athletes “You may think you know hustlers and thieves from your ‘hood, but theyve got nothing on the white collar criminals”

  • bike

    When you invest your money with someone named Haider Zafar, you kinda get what you deserve.

  • spit hot fiyah

    what is that supposed to mean?

  • melvo


  • Dfrance

    That’s why I put “right” way in parenthesis. But to say legit firms are full of swindlers is incorrect. The Bernie Madoffs of the world are few and far between. But trusting some dude selling his uncles Pakistani real estate just doesn’t sound like a promising move in my opinion.

  • JoeMaMa

    “They Can’t Touch Me in Pakistan” – either the next big T-Shirt slogan or a docu-comedy about Bin Laden.

  • Evan Boland

    As long as it’s coming from Bosh.

  • Busta213

    I do mean that doing it the “right way” through accredited professionals can still be a gamble. Banks are constantly trying to create products that turn nothing into tradable commodities. There’s a ton of evidence in the last 5 years that they are not that trustworthy.

    Investment advisors will charge these guys exorbitant fees on gambles that won’t necessarily pay off. totally legal.

  • xihetafolex

    мy coυѕιɴ ιѕ мαĸιɴɢ $51/нoυr oɴlιɴe. υɴeмployed ғor α coυple oғ yeαrѕ αɴd prevιoυѕ yeαr ѕнe ɢoт α $1З619cнecĸ wιтн oɴlιɴe joв ғor α coυple oғ dαyѕ. ѕee мore αт…­ ­ViewMore——————————————&#46qr&#46net/kAgk

    I understand wanting your money to work for you, but why not go to a brokerage firm and do it the “right” way? At least when an FA squanders all your cash, he can show you exactly how he did it and won’t flee the country.

  • RonTeezy12

    The name is shifty

  • JoeMaMa


  • Caboose

    Woah dude…

  • Malcolm Y

    Busta, let’s say you had millions, who would you trust with your investments to have money working for you? I’m interested if you could share breh?

  • Busta213

    No matter who you pick, the main thing is that you keep a close eye on them. Invest in mutual funds (index linked are usually proven to be successful in the long run and can be low cost in terms of fees) and some diverse property. Make sure your tax situation is efficient. Once you’ve taken care of those factors you’ll want to do some higher risk speculating with money you can afford to lose. Some of that will come from listening to your peers (hence what happened to the Heat guys). Warren Buffet says don’t invest in any business model you don’t understand, so that’s a good rule of thumb.

  • danpowers

    that is so wrong on so many levels…

  • hoodsnake

    *Chris Rock girl voice* “You have to diversify your portfolio!”

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