Former NFL cornerback Will Allen finds himself in some hot water after he was indicted on 23 felony charges, including 12 counts of wire fraud and six counts aggravated identity theft. Allen, 36, faces up to 20 years in prison for each of the 12 counts of wire fraud. If convicted, he’s looking at shorter terms on the other 11 charges. The indictments—handed down by the U...
BOSTON (AP) Former NFL cornerback Will Allen and his business partner are facing criminal charges for an alleged multimillion dollar Ponzi scheme involving loans to professional athletes. Prosecutors and FBI officials in Boston say 36-year-old Allen, of Davie, Florida, and 55-year-old Susan Daub of Coral Springs, Florida, were arrested Friday morning on security fraud charges and...
Via AP on Fox
June 12, 2015 | Discuss
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...
Via AP on Fox
April 07, 2015 | Discuss
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