Reshad Jones Settles Million-Dollar Robbery Lawsuit
Former Miami Dolphins safety Reshad Jones has reached a legal settlement with Merrill Lynch for $9.5 million. The lawsuit stemmed from the alleged theft of $2.59 million by a former financial advisor.
The agreement was reached in August, but its public disclosure was delayed until this week.
According to a June 25 arrest report, Isaiah Williams, a former financial advisor to Jones and a former Merrill Lynch employee, used his position to access Jones’s personal financial accounts and steal $1.56 million in 133 separate transactions. Another $1.03 million was taken through a complex money laundering scheme involving bank transfers and cash app transfers between Williams and a Georgia woman, Octivia Monique Graham. Jones told investigators that he had never met the woman.
Court documents allege Williams used the money for personal expenses such as plane tickets, hotels, strip clubs, automobiles, jewelry, and duty-free shopping in Mexico.
Initially, Jones sought $16 million in damages in an arbitration filing against Merrill Lynch, according to BrokerCheck, an online database that collects information on brokers and financial institutions.
The Palm Beach County Sheriff’s Office, Florida, arrested Williams in June on four counts, including first-degree organized fraud and first-degree grand theft, both punishable by up to 30 years in prison. Williams is currently out on a $1 million bond and is awaiting trial, according to the sheriff’s office database.
Jones was selected in the fifth round of the 2010 draft. He played his entire 10-year NFL career with the Dolphins, where he played 128 games, starting 113. According to Over the Cap, Jones earned more than $56 million during his playing career.
