That’s what happened in February 2008, “stranding” the couple with $3.8 million of worthless securities, according to the lawsuit. The Garrisons say Montgomery neglected to tell them that the value of ARS is tied to regular auctions that could fail. The couple sued Montgomery and his employer, Oppenheimer & Co., in Denton County Court, alleging negligence and securities fraud. The Garrisons claim that James Montgomery, a friend of the couple and Walt’s former teammate, misrepresented ARS as the “equivalent of cash” and suitable for conservative investors. Thank you to a regular reader of Sense on Cents for sharing the fact that Walt Garrison is another innocent American investor entangled - or in Walt’s case dare I say lassoed - by the fraud that is auction-rate securities.Ĭourthouse News Service reported yesterday, NFL Star Says Adviser Cost Him $3.8 Million:ĭENTON, Texas (CN) – Former Dallas Cowboys fullback Walt Garrison says his advisers duped him and his ex-wife into buying risky Auction Rate Securities that cost them $3.8 million when the market collapsed.
#Walt garrison plus#
I will readily admit for the last thirty plus years, I have given little thought to Walt Garrison…until today. After his football days, Garrison was a popular figure on the rodeo circuit and became a spokesperson for Skoal chewing tobacco. When I think back to Walt Garrison, I think of one thing: he was one tough SOB. I have no recollection of Garrison playing during that Ice Bowl, but he went on to a stellar career. On the bench that day as a backup fullback for the Cowboys was Walt Garrison.
My Packers had Starr, middle linebacker Ray Nitschke, guard Jerry Kramer, receiver Boyd Dowler, running back Donny Anderson, safety Willie Wood, and so many more. This game was filled with so many legends, including Cowboys coach Tom Landry, quarterback Don Meredith, defensive tackle Jethro Pugh, middle linebacker Lee Roy Jordan, running back Dan Reeves and so many more. The Packers won the game 21-17 on a quarterback sneak by my hero Bart Starr with only seconds left in the game. The memories of the 1967 NFL Championship game, known as the Ice Bowl due to bone chilling negative temperatures, between my Packers and the hated Dallas Cowboys remain etched in my memory. Led by Vince Lombardi, the Packers played on the frozen tundra otherwise known as Lambeau Field. What team did I love? The Green Bay Packers.
#Walt garrison professional#
Regrettably, our local professional football team, the then Boston Patriots, were a perennial league doormat in the American Football League. Growing up as a young boy in Boston, I loved sports of all kinds.
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