Former NFL cornerback Will Allen finds himself in some hot water after he was indicted on 23 felony charges, including 12 counts of wire fraud and six counts aggravated identity theft.
Allen, 36, faces up to 20 years in prison for each of the 12 counts of wire fraud. If convicted, he’s looking at shorter terms on the other 11 charges.
The indictments—handed down by the U.S. Attorney in Massachusetts last week—don’t include federal charges stemming from Allen’s alleged involvement in a Ponzi scheme. The Securities and Exchange Commission (SEC) indicated last month that Allen defrauded investors, mostly professional athletes, of millions.
These new indictments allege that Allen handed out five fraudulent loans, three to football players and two to baseball players. Allegedly, Allen raised money for these loans from investors before spending it on nightclub trips and other personal benefits.
Prosecutors believe that Allen received $4.1 million in fraudulent funds while his accomplice and business partner, Susan Daub, received $239,000.
It’s safe to say Allen is in some hot water here.
Allen played 12 seasons in the NFL, most recently with the New England Patriots in 2012. He finished his career with over 500 tackles and 15 interceptions after being selected in the first round of the 2001 draft by the New York Giants.
Photo: NBC Miami