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Friday, 04 August 2017 14:33

Sports Event Broker Indicted in $240k Theft

Aug. 4, 2017 – A Memphis businessman was indicted Thursday on felony theft of property charges after a client said she invested $240,000 with him for two suites at major college football events, but got nothing in return, said Shelby County Dist. Atty. Gen. Amy Weirich.
Investigators said that in August of 2013 the victim, a Memphis woman, invested the money with defendant Rick Barlow. He was to arrange a travel package for the 2014-15 Rose Bowl and the BCS National Championship games for two suites, hotel rooms, transportation and other festivities.
Her money was to be held in an Event Capital Account affiliated with Rick Barlow & Barlow Sports Entertainment, Inc. Based on their agreement, Barlow, 50, was to return the woman’s principal in full no later than Jan. 30, 2014, plus Barlow would pay her a financial return on her investment.
The major football events, however, came and went and no money was paid to the woman.
Investigators said Barlow’s account showed the woman’s deposit, but there were no payments made to the Rose Bowl or for the BCS National Championship game.
The case is being handled by Asst. Dist. Atty. Byron Winsett chief prosecutor of the DA’s Public Corruption & Economic Crime Unit which investigates public corruption, fraud and theft from governmental agencies, non-profit organizations and businesses, and money-laundering cases.