Former Miami Dolphins, New York Giants and New England Patriots cornerback Will Allen, along with a Florida woman, 54-year old Susan Daub, were charged by the Securities and Exchange Commission for running a ponzi scheme from 2012 until February of 2015.
23-Year-Old Affiliated With Ponzi Scheme Committed Suicide
A 23-year-old Duke University graduate and High School valedictorian committed suicide in his Ohio apartment. His friends called the police because apparently he had been posting erratic Facebook statuses all day. When the cops showed up they found him dead, he had shot himself. He was the son of Bernie Madoff’s accountant, affiliated with the Ponzi Scandal. Click below for more of the story. Melissa Nash
Ex-Standard Executive Sentenced To 3 Years For $7 Billion Ponzi Scheme
In one the biggest Ponzi schemes in U.S. history, a top executive of disgraced Texas financier R. Allen Stanford has received three years for her involvement. Former Stanford chief investment officer Laura Pendergest-Holt reached a plea deal with federal prosectors. She is lucky for this deal, as Stanford himself was sentenced to 110 years in prison. Click below to read more. Jason J.
University of Houston May Have Lost More Than 40% of Athletic Scholarships Due to Ponzi Scheme
A foundation that endows athletic scholarships at the University of Houston may have lost more than 40 percent of its listed assets because of investments in an alleged Ponzi scheme orchestrated by a financial adviser for college basketball coaches who committed suicide last summer. Â Read more after the jump. @Shay_Marie x @gametimegirl
NFL: 49ers Kicker David Akers Loses $3.7 Million In Alleged Ponzi Scheme
Posted by Sabrina B. @gametimegirl We’ve all heard of NFL players losing money in shady investment deals. But this is staggering. San Francisco 49ers kicker David Akers testified in front of a federal jury on Monday about losing $3.7 million investing with Triton Financial of Austin, Texas, from 2007 to 2009.
