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Mark Sanchez was cheated out of millions of dollars, per report

Bill Streicher-USA TODAY Sports

Former Eagles quarterback Mark Sanchez is one of three professional athletes to have recently lost millions of dollars through investment fraud, according to a report from

Former New York Jets quarterback Mark Sanchez and other professional athletes were cheated out of millions of dollars in a Ponzi-like scheme orchestrated by an investment adviser who appealed to their Christian faith.

Mr. Sanchez, Jake Peavy and Roy Oswalt, were defrauded out of about $30 million, according to a recently unsealed U.S. Securities and Exchange Commission lawsuit in Dallas federal court. The athletes all used the same broker, Ash Narayan, formerly of RGT Capital Management. The adviser gained their trust through religion and their interest in charitable works, the SEC said.

Sanchez originally signed with the Eagles in 2014 after being released be the New York Jets. Sanchez then re-signed with Philadelphia during the 2015 offseason. The Eagles traded Sanchez to the Denver Broncos this offseason in exchange for a conditional late round draft pick.

Sanchez is currently projected to start for Denver this year and Eagles fans have reason to root for him. If Sanchez starts at least four games, the Eagles will get a 2017 sixth round pick (instead of a seventh) from the Broncos.

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