Ex-Nfl Star Will Allen Locked Up for Ponzi Scheme

Mar 1, 2017 at 1:53 pm |

For six years!

Will Allen, a former cornerback for the New York Giants and Miami Dolphins, is recently facing charges in court for a ponzi scheme he and some coworkers were a part of. According to recent reports, Allen is pleading guilty to “defrauding investors by raising cash for phony loans to professional athletes.”

NFL player Will Allen arrives at the 2011 Cedars Sinai Sports Spectacular at Hyatt Regency Century Plaza on May 22, 2011 in Beverly Hills, California.

Credit: John Sciulli/Getty Images

Prosecutors were working for a 78 month sentence (while Allen and his team asked for 50) but the judge ultimately ruled 72 months instead.

“Ms. Daub was the professional banker at [Capital Financial Partners] and Mr. Allen unequivocally did not have the expertise necessary to deceive her about any aspect of their business,” wrote Oscar Cruz, Allen’s public defender. “In fact, the opposite is likely true as Ms. Daub had the greater ability to quietly siphon money from investors for herself and or members of her family such as Joshua Daub whom she involved in the business.”

NFL players Ryan Mundy (L) and Will Allen attend the Airbnb Super Suite at Roc Nation Sports & Airbnb's 'Welcome To New York' event at 40 : 40 Club

Credit: D Dipasupil/Getty Images for Airbnb

Unfortunately, the stories of the victims tug at our heartstrings a little bit more. “Most of my retirement funds have been stolen by Sue and Will,” said one unnamed victim. “My retirement lifestyle has been seriously affected.” Many of the victims were fellow friends and pro athletes as well.

After the hearing, Allen was immediately locked up. I guess we will see him in 2023.

We unsurprisingly don’t feel bad at all…