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Civil Litigation

Mar. 24, 2023

Former Morgan Stanley broker charged with defrauding NBA players

Darryl Matthew Cohen was accused by the SEC and federal prosecutors in Manhattan with using the money for upgrades to his Southern California home.

The Securities and Exchange Commission on Thursday charged a California investment broker with misappropriating more than $1 million from three current and former NBA players while he worked for Morgan Stanley in Westlake Village.

The SEC alleges that Darryl Matthew Cohen misused client funds between October 2017 and April 2020, to build himself a home gym, support his son’s amateur basketball program and repay another client whose funds C...

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