The Truth About Peggy Fulford's Multi-Million Dollar Scam With The Biggest Sports Stars In The World

Peggy Fulford's scheme wasn't just reliant on her being able to gain her victims' trust, but also on her ability to secure a power of attorney from each sports star. As the American Bar Association explains, "A power of attorney gives one or more persons the power to act on your behalf as your agent," and, when used honestly and correctly, the document is "an important part of lifetime planning." Unfortunately for Fulford's A-list clients, Fulford didn't use it honestly, and giving her the power to manage all of their assets was a grave mistake. 

As attorney Kimberly Schechter told CNBC, the document is "powerful" because it gives someone "unfettered access to financial information, to making business decisions, opening bank accounts, closing bank accounts." It was that very power that allowed Fulford to embezzle millions by gaining access to other people's cash, thus allowing her to freely move it around. 

It's clear that she knew how important gaining that right was. As NBA player Rashad McCants, who also trusted Fulford, told CNBC, "Peggy was sexy, she was attractive, she was seductive, she knew how to play on a man's heartstrings." In short, "she knew what to do to lower your guard." On "American Greed," Dennis Rodman admitted that giving power of attorney to Fulford was a mistake, but hopes others "can learn from this experience." He shared, "It makes me sad I trusted someone I considered family to manage my money, and they did terribly wrong by me."