Over the course of several years, first when Collar and Fernandez were at Merrill Lynch, and then when they opened their own firm, Quantum Family Office Group, in 2005, Posada gave the two money men absolute control over his finances.
Posada and his wife Laura are suing Collar and Fernandez and their Quantum Ventures, LLC over what they believe was a blatant and negligent mismanagement of funds that resulted in nearly $11.2 million in losses for the former catcher, according to a complaint filed in Miami-Dade county that was obtained by VICE Sports.
Posada is not the only player claiming to have been duped by Collar and Fernandez. In a separate lawsuit, former Yankees, Chicago White Sox, and Philadelphia Phillies pitcher ...
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