Baseball stars allege NJ real estate fraud

Two former baseball stars have filed a lawsuit against Kolinsky Hill Financial Group for drawing them into an allegedly fraudulent real estate investment, according to Sports Illustrated. Former Minneapolis Twins outfielder Rondell White and former Mets outfielder Cliff Floyd invested $1 million and $1.25 million, respectively, in a seven-acre property adjacent to the Hackensack River in New Jersey, along with four other major-leagers. But what Steven Kolinsky and Stephen Hill of the financial group had described as a "slam dunk" investment turned out to be a multi-million dollar real estate scam, White and Floyd allege. [more]

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