Andrew Cobos, attorney of Buzbee Law Firm. (Courtesy photo)
Former NBA player Sedric Toney has sued Moses Malone Jr. in a Houston state district court for fraud, alleging the son of basketball legend Moses Malone scammed him out of more than $100,000 in sports memorabilia deals.
According to the recent petition, Toney, who was drafted by the Atlanta Hawks in 1985 and played in the NBA until 1994, alleges that Malone Jr. took advantage of the numerous relationships Toney had with influential and popular basketball icons.
The lawsuit also alleges that Malone Jr., who lives in Houston, “is a businessman who leverages the goodwill built by his father — former basketball and hall-of-fame member, Moses Malone — to conduct a scam involving sports memorabilia of former professional athletes.”
Toney alleges Malone Jr. engaged him as a business partner in sports memorabilia transactions, offering him one-third of the gross profits through any transactions that Toney originated.
After Toney allegedly facilitated numerous deals between Malone Jr. and several other former NBA players including Jo White, Walt Bellamy and Allen Iverson, Malone Jr. refused to pay Toney, according to the lawsuit.
“Instead, Malone Jr. lied to Toney regarding the amounts of the transactions and whether or not he had successfully reached a deal with the individuals whom Toney referred,” the petition alleges.
Andrew Cobos, an attorney with Houston’s The Buzbee Firm who represents Toney, notes that this is not the first time Malone Jr. has been sued by a former NBA player over allegations that he failed to deliver on a sports memorabilia deal. In August, Cobos won a $45,000 judgement against Malone Jr. in another Houston state district court after he failed to pay former Dallas Maverick and Seattle Supersonics shooting guard Dale Ellis for nine of his game-worn jerseys.
“Sedric Toney performed under the agreement, but Moses Malone Jr. did not,’’ Cobos said. “It’s not just that Moses Malone didn’t pay Sedric. It’s that Moses didn’t tell him about deals that he was making that Sedric had set up or he was understating the value of those deals.”
George Farah, a Houston attorney who represents Malone Jr., did not return a call for comment.