Sergei Fedorov is generally regarded as the greatest defensive forward in the history of the National Hockey League. He led the Detroit Red Wings to Stanley Cup championships in 1997, 1998, and 2002, and won a Hart Trophy as the league's most valuable player in 1994.
But like many high-profile athletes, it appears that Fedorov has been the victim of an unscrupulous financial advisor. In 2009, Fedorov sued financial advisor Joseph P. Zada, of Grosse Pointe, Michigan. Zada did not answer the Complaint, and the Wayne County Circuit Court entered a default judgment exceeding $60 million in Fedorov's favor against Zada. Court records evince vigorous effort to collect the judgment in the four years since it was entered. According to the Detroit Free Press nothing has been collected on it.
$60 million represents Fedorov's annual player's salary at the height of his playing career, $10 million, for six years. Fedorov is 43 years of age and retired as a player. It is unlikely that he will make the kind of money in his post-playing career that he did as a player. That train has passed.
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