Former NFL defensive back Will Allen was given six years in prison for his role in a Ponzi scheme, a much harsher sentence than courtroom observers expected. Brian Amaral, a reporter for Law360, said Allen got twice the average sentence for fraud. Former banker Susan Daub also got six years, according to Law360. Both pleaded guilty last year. Allen, a cornerback, played 140 NFL games with the New York Giants and Miami Dolphins from 2001-11. He was the Giants' first-round pick in 2001. Allen (not to be confused with fellow former NFL defensive back Will Allen, who played mostly for the Tampa Bay Buccaneers and Pittsburgh Steelers from 2004-16) was charged with fraud in 2015. In this Ponzi scheme, Allen and Daub convinced investors to fund loans to professional athletes, but the loans were bogus or oversubscribed and they used the money for personal expenses and other business ventures, Law360 said. Amaral said some in the courtroom were stunned at the sentences of six years in prison, and he reported that even the U.S. attorney's office seemed surprised. The scheme cost investors about $17 million, Law360 said. "This was a huge fraud," U.S. District Judge William Young said, according to Law360. If you are the target of a criminal investigation, or have recently been arrested, call Robert Gluck at 1-877-GLUCK-LAW for a free consultation and learn about your criminal rights. You can also see Mr. Gluck's web page at www.robertgluck.com.
Copyright © 2020 Robertgluck.com All Rights Reserved.