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WILL ALLEN RUMORS & GOSSIP

Ex-Patriots Cornerback Will Allen Charged With Fraud In Ponzi Scheme

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...
Via NESN.com
April 07, 2015  |  Discuss

Ex-Dolphins CB Will Allen charged with running Ponzi scheme

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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