WASHINGTON — Federal regulators have filed civil fraud charges against former NFL cornerback Will Allen and his business partner. They’re accused of reaping more than $31 million in a Ponzi scheme that promised high returns to investors from funding loans to cash-strapped pro athletes.
The Securities and Exchange Commission announced the charges Monday against William D. Allen...
BOSTON (AP) -- A former NFL player and an associate have been charged with running a Ponzi scheme through companies created to provide loans to professional athletes.
The Securities and Exchange Commission said in a complaint filed Tuesday in Boston that William D. Allen and Susan Daub raised almost $32 million from investors in 2012, gave out about $18 million in loans, and used...
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April 07, 2015