New York Yankees Pitcher Aroldis Chapman Sues Former Money Manager

Posted on December 11th, 2020 at 6:25 PM
New York Yankees Pitcher Aroldis Chapman Sues Former Money Manager

From the Desk of Jim Eccleston at Eccleston Law LLC:

Aroldis Chapman, pitcher for the New York Yankees, is suing his former financial advisor, Pro Management Resources, alleging that the firm stole $3 million from him. The lawsuit names the firm, based in Coral Springs, Florida, as well as several individuals. In addition to managing Chapman’s investments, the firm also handled Chapman’s day-to-day finances, such as paying bills and managing Chapman’s credit cards. 

According to the lawsuit, Pro Management Resources and its employee, Benito Zavala Jr, misappropriated more than $3 million from Chapman by way of unauthorized purchases and cash transfers. The lawsuit further alleged that Zavala took out lines of credit in Chapman’s name, without Chapman’s authorization. The lawsuit alleged that Zavala used the misappropriated funds to pay for his own personal expenses, including expenses for real estate, cars, travel and jewelry. 

In addition to the allegations of theft, Chapman’s lawsuit alleged that Pro Management Resources and its principal, Anthony Chiricosta, failed to supervise Chapman’s accounts and failed to inform Chapman of the alleged misappropriation upon discovery. When Chiricosta and the firm found out about the theft, they attempted to conceal the theft, according to the lawsuit. 

Tags: eccleston, eccleston law, yankees, new york yankees, yankees pitchers

Return to Archive



If you are being bothered by the Regulators, call Eccleston Law, you won't regret it.

Rick R.


September 26, 2023
Looming Real Estate Crisis Poses Risk to U.S. Banking Sector

With the current downturn in the commercial real estate market, trillions of dollars in loans and investments pose a looming threat to both the banking industry and potentially the broader economy.

September 25, 2023
Legal Challenges Over 'Money-for-Nothing' Payments Gain Momentum

Apollo Global Management and Carlyle Group, two major private equity firms, now face investor lawsuits regarding payments made to insiders without apparent justification.

September 22, 2023
State Regulators Maintain Opposition to FINRA's Remote Supervision Pilot Program

The North American Securities Administrators Association (NASAA) and the Public Investor Advocate Bar Association (PIABA) has consistently opposed the Financial Industry Regulatory Authority's (FINRA) proposal for a voluntary three-year pilot program for remote inspections.