Will Allen, a former cornerback for both the New York Giants and the New England Patriots was recently sentenced to prison time, along with his business partner for running a Ponzi scheme.

According to the New York Post, Allen and his business partner Susan Daub collected more than $35 million from investors between 2012 and 2015 by claiming that the money would be used for “high-interest loans to professional athletes.”

Their business, which was located in Massachusetts, made some of the loans. However, they also used the money for themselves and for other ventures.

Both Allen and Daub pled guilty back in November on charges that included wire fraud and money laundering. Each were sentenced to six years in prison and three years of supervised release.

Allen last played for the Patriots before retiring back in 2013.

 

Source: http://nypost.com/2017/03/01/ex-nfl-star-sentenced-to-prison-for-35m-ponzi-scheme/

TSR STAFF: Jade Ashley @Jade_Ashley94 on Instagram & Twitter

Join the conversation or start it! Comment below:

other roommates are saying...

Wait



Welcome to the new Shade Room. Sign Up for Our Newsletter and Never Miss the Tea
You know you never want to miss the tea. Sign up for our email newsletter and get 2 emails a week + exclusive info!