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NFL | Man who founded illegitimate hedge fun commits suicide

Mike Klis, of the Denver Post, reports Kirk Wright, who founded an illegitimate hedge fun and was convicted Wednesday, May 21, by a federal jury of bilking $150 million from thousands of clients, hung himself Saturday, May 24, in the Union City, Ga., jail where he was awaiting sentencing of up to 710 years in prison. Former Denver Broncos FS Steve Atwater, RB Terrell Davis and WR Rod Smith were some of Wright's clients. Atwater invested $2.8 million of his own money in Wright's hedge fun, called International Management Associates. Atwater helped raise an additional $15 million by signing up Davis and Smith.

2008-05-26 06:25:19 | Source:

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