Sergei Fedorov wins White Collar Crime Lawsuit in Detroit
Michigan hockey player Sergei Fedorov, formerly of the Detroit Red Wings, was recently awarded $60 million in a fraud and embezzlement lawsuit against Joseph Zada. The guilty Joseph Zada of Grosse Pointe Shores befriended the hockey player in the late 1990s and was soon entrusted as an investment manager for Federov. Both were introduced at a Detroit car dealership by a mutual friend.
Joseph Zada has cheated Federov of $43 million during the last eleven years. Federov is not the only person cheated by Zada. At least eight other businesses and individuals have named Zada as a crook and a cheat in Wayne Circuit Court.
Sergei Fedorov is well-known for surpassing a record in October 2008 by Alexander Mogilny for most goals (475) by a Russian born NHL player.
