Two arrests have been made in connection to the alleged $2.58million robbery of former Miami Dolphins star Reshad Jones, according to reports.
Last week Florida police arrested a 49-year-old woman and were looking for a financial advisor after the pair were both accused of scamming Jones, 37, out of the huge seven-figure sum.
Octavia Monique Graham, who is said to have never met the ex-Dolphins safety, turned herself into authorities last Monday on first-degree grand theft and money laundering charges, according to Broward County court records obtained by Daily Mail.
And now investmentnews.com is reporting that former financial advisor Isaiah T. Williams was also arrested in Florida five days earlier than Graham, 52, for his alleged role in the scheme.
Williams, who served as Jones’ financial advisor from January 2022 to March 2024, is accused of stealing $1.58m from his client’s bank account without his knowledge or permission via a total of 133 wire transfers in order to pay off balances on two American express credit cards.
He allegedly racked up those bills by splashing out on luxury expenditures, such as first-class airline tickets, designer clothes, jewelry, nightclub and strip club outings and to host women at H๏τels, as well as legal fees and child support.
Two arrests been made in connection to the alleged $2.58m theft of Reshad Jones (pictured)
Ex-financial advisor Isaiah T. Williams (left) was arrested on June 25 in Florida for his alleged role in the scheme, five days before Octavia Monique Graham handed herself in to police
Williams is also accused of conspiring with Graham to defraud Jones out of another $1.03m after 16 checks totaling $435,000 each were deposited to his Chase account from October 2019 to September 2021.
He also allegedly received 88 Zelle transfers worth $184,000 from Graham’s Bank of America account.
According to his brokercheck.com profile, Williams worked at a Merill Lynch branch in Boca Raton until resigning in December.
The former vice president, senior financial advisor and senior portfolio advisor was hit by allegations of ‘conduct involving misappropriation, unsuitable ᴀsset allocation, misrepresentations and an improper outside business activity’, the website claims.
Williams, who served as Jones’ financial advisor from January 2022 to March 2024, is accused of stealing $1.58m from his bank account without his knowledge or permission
The Financial Industry Regulatory Authority have reportedly barred him from ‘acting as a broker or otherwise ᴀssociating with a broker-dealer firm’ after not cooperating with its investigation while not admitting or denying the results.
Williams is said to have been released by Florida police on July 2 with a $1m bond. Graham was held on a $75,000 bond and pleaded not guilty on Monday.
Jones’ attorneys claim to be suing over the alleged theft, which they described in a statement as ‘another troubling example of a professional athlete being exploited by a wealth management firm he trusted.’
‘In this case, the wrongdoer was a Vice President at one of the world’s largest financial insтιтutions – Bank of America’s investment management division, Merrill Lynch,’ Chase Carlson and Jeff Sonn said in a statement. ‘We have filed a lawsuit to hold Merrill Lynch accountable and are working to recover all damages our client has suffered.’
It was not immediately clear Friday where that lawsuit was filed. Daily Mail reached out to Sonn for more information last week but did not receive a response.
Bank of America issued a statement to Daily Mail in response to the claims of Jones’ attorneys.
‘Whenever we learn of potential wrongdoing, we promptly investigate, fully cooperate with regulators and law enforcement, and work with the client to compensate them for any harm caused by an employee,’ read the statement. ‘Putting clients first and protecting client ᴀssets have been guiding principles of Merrill since our founding more than 100 years ago.’
Jones was a two-time Pro Bowler who played 10 years in South Florida while earning $58.1 million along the way.
