Former NFL cornerback Will Allen is facing "decades" in prison after being indicted on 23 federal felonies today, according to the Palm Beach Post.
Allen - who played for the Miami Dolphins, New York Giants and New England Patriots during his time in the National Football League - is facing the significant jail time after apparently running a ponzi scheme.
Allen and another co-conspirator reportedly bilked investors out of millions of dollars and is now paying the price.
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Decades In Prison
Allen faces "12 counts of wire fraud, six counts of aggravated identity theft, one count of conspiracy to commit wire fraud and four counts of illegal monetary transactions," according to records obtained by Jeff Ostrowski of the Post.
Each charge of wire fraud could result in a 20-year prison sentence, according to Ostrowski, with shorter sentences for the other felonies.
Allen apparently ran a company that made high-interest, short-term loans to professional athletes. To fund the loans, he raised money from investors. However, the loans were phony, federal prosecutors say.
The indictment lists six pro athletes who received fictitious or oversubscribed loans from Allen and Susan Daub, the co-conspirator. Three of them played in the NFL, two played in MLB, and one played in the NHL.
All are anonymous. However, “Athlete 1” is described in an email as “the [NFL team’s] best player” after an unnamed quarterback - but the hockey player, “Athlete 6”, is seemingly Jack Johnson of the Columbus Blue Jackets, who filed for bankruptcy last fall as we covered here.
Johnson was bankrupted by his parents, who will likely be the ones who took out the loan from Allen.