Ex-financial adviser apologizes for losing $43M of NFL players' money

Former financial adviser Jeff Rubin is apologizing for losing $43 million of his clients' money, all of whom were NFL players.

Rubin coerced his clients to invest in Country Crossings, an entertainment and gambling center which included electronic slot machines. Electronic slot machines were deemed illegal at the time, even though Rubin convinced his clients otherwise. Subsequently, their investments were completely ruined.

In September 2015, the U.S. Securities and Exchange Commission (SEC) barred Rubin from contacting any broker, dealer, or investment adviser and was fined $250,000 for taking funds from his clients' investments for his own personal expenditures.

Rubin expressed contrition but said he was never contacted by the NFLPA about the investments.

"They did nothing. And not one time did we get a call, an email, a fax, a telegram, a helium balloon. We got nothing from the NFLPA in regards to this project," Rubin said in a preview of an upcoming interview on "60 Minutes" with Armen Keteyian.

Rubin's former clients include Washington Redskins tight end Vernon Davis, and the ex-adviser is doing his best to move on, while apologizing to those he wronged.

"I'm sorry this happened. It’s been a disaster ... that was my life."