Reshad Jones, who spent nine seasons with the Miami Dolphins, settled his lawsuit against financial services Merrill Lynch.

The former NFL safety was awarded $9.5 million after alleging a former financial advisor at the company defrauded him for an estimated $2.6 million. The settlement was agreed upon in August, but public reporting on the case was not made available until this week.

According to a June 25 arrest report, Isaiah Williams — Jones’ former financial adviser and a former employee of Merrill Lynch — used his position to gain access to Jones’ personal financial accounts to steal $1.56 million in 133 separate transactions. Another $1.03 million was stolen through a complicated laundering scheme involving bank and cash app transfers between Williams and a Georgia-based woman, Octivia Monique Graham. Jones told investigators he had never met the woman.

The settlement with Merrill Lynch took place in August but began receiving pickup this week, when Investment News reported on it. Jones, who played 10 NFL seasons—all with Miami—originally sought $16 million in damages in his complaint, filed with the Financial Industry Regulatory Authority (FINRA), a private organization that oversees brokerage firms and is supervised by the U.S. Securities and Exchange Commission.

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The two-time Pro Bowler accused his former financial advisor, Isaiah Thomas Williams Jr., of defrauding him. Without admitting or denying the allegations, Thomas voluntarily resigned from Merrill Lynch in December, according to FINRA records. Thomas is now prohibited from acting as a broker “or otherwise associating with a broker-dealer firm,” according to FINRA, which says he did not cooperate with its investigation into the situation.

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Williams’s headaches did not begin and end with the FINRA complaint. He was also arrested in Florida in June, and charged with grand theft, fraud, and money laundering, according to Broward County criminal court records. Those records also show he was released in July on a $1 million bond.

Miami Dolphins free safety Reshad Jones (20) celebrates a victory against the Atlanta Falcons at Mercedes-Benz Stadium on Oct. 15, 2017 in Atlanta, Georgia. (Brett Davis/USA TODAY Sports)

Williams allegedly stole the total of almost $2.6 million through 133 separate transactions, and with another individual, Octavia Graham, who was also charged in Broward County, court records show. Williams allegedly used the money for personal expenses, including strip clubs and airline tickets.

In July, attorneys for Jones—Chase Carlson of Carlson Law and Jeff Sonn of Sonn Law—issued a statement calling the case “yet another troubling example of a professional athlete being exploited by a wealth management firm he trusted.”

Reshad Jones (20) of the Miami Dolphins in action against the Jacksonville Jaguars at Hard Rock Stadium on Dec. 23, 2018 in Miami, Florida. (Mark Brown/Getty Images)

“In this case, the wrongdoer was a Vice President at one of the world’s largest financial institutions—Bank of America’s investment management division, Merrill Lynch,” they said. The attorneys did not respond to a request for comment Friday.

Jones, who last played in the NFL in 2019, is not nearly the first athlete to be defrauded by their financial advisor. Former Bulls forward Toni Kukoc is currently suing his former friend and financial advisor in Illinois for allegedly helping a Swiss bank embezzle more than $11 million from him over the course of multiple years. Ex-Spurs star Tim Duncan was also famously swindled out of millions of dollars by his former financial advisor in 2016.

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“It’s all too common for athletes to hand over the keys to their kingdom to a financial advisor,” Kelly Richmond Pope, a professor of forensic accounting, told Front Office Sports earlier this year. 

She cautioned athletes: “Beware of anyone who tells you ‘I have everything covered, don’t worry.’”

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Pakistani mountaineer Asad Ali Memon has etched his name in history by successfully summiting the highest peaks across all seven continents, completing the prestigious Seven Summits challenge.

Asad achieved the final milestone by conquering the Carstensz Pyramid, the tallest mountain in Oceania, located on New Guinea Island, marking the culmination of a seven-year journey that took him from the icy slopes of Antarctica to the rugged ranges of Asia.

In a heartfelt message from the summit, Asad shared his joy:

“I am standing on the highest peak of the seventh continent. The mission that began seven years ago is now complete.

I have raised my flag and proudly say — Pakistan Zindabad!”

He expressed deep gratitude to his supporters, saying that completing the Seven Summits had been a lifelong dream, and pledged to continue taking Pakistan’s flag to new heights through future expeditions.

“I request everyone to keep supporting future Pakistani climbers the same way you supported me,” he added.

Asad’s accomplishment marks a proud moment for Pakistan’s mountaineering community, symbolising national resilience and ambition on the global stage.

LAHORE: Pakistan will kick off their campaign in the ICC World Test Championship 2025-27 with the first fixture of a two-match series against defending champions South Africa at Lahore’s Gaddafi Stadium on Sunday, with 38-year-old Asif Afridi expected to make his debut, sources said.

Pakistan skipper Shan Masood and his South African counterpart Aiden Markram unveiled the glittering trophy for the red-ball series at the National Cricket Academy in Lahore.

Led by Shan Masood, Pakistan are likely to go in with a combination of seven batters, two fast bowlers, and two spinners. Due to a viral fever, right-arm spinner Sajid Khan has been ruled out and will be replaced by Asif, who will make his Test debut.

The 38-year-old left-arm spinner has taken 198 wickets in 57 first-class matches at an average of 25.49. He will be partnered by the experienced Nauman Ali, aged 39, who has 83 wickets in 19 Tests at an average of 24.75.

In the fast-bowling department, Shaheen Shah Afridi is likely to make his return to the Test side after a year. The left-arm pacer has 116 wickets in 31 Tests and will share the new ball with Hasan Ali, who has 80 wickets in 24 Tests and last played a Test in January 2024 against Australia in Sydney.

Left-handed opener Imam-ul-Haq, who last represented Pakistan in the longest format of the game in December 2023, is also expected to make a return to the playing XI.

South Africa are touring Pakistan for series in all formats of the game. The first Test is scheduled from October 12 to 16 at the Gaddafi Stadium in Lahore, while the second Test will be played at the Rawalpindi Cricket Stadium from October 20 to 24.

Pakistan’s likely playing XI for first Test

Imam-ul-Haq, Abdullah Shafique, Shan Masood (captain), Babar Azam, Saud Shakeel, Mohammad Rizwan (wicketkeeper), Salman Ali Agha, Shaheen Shah Afridi, Hasan Ali, Nauman Ali, and Asif Afridi.