Ex-NFL Player Charged With Running $31 Million Ponzi Scheme

April 8, 2015 12:34 AM

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Ex-NFL Player Charged With Running $31 Million Ponzi Scheme

Allen, 36, was a first-round pick in the 2001 draft out of Syracuse by the New York Giants. He played five seasons with the Giants and another five with the Miami Dolphins before finishing his career with the New England Patriots in 2012.

Allen allegedly worked with Susan Daub to form several companies offering loans to professional athletes. The pair offered investors up to 18% interest in exchange for providing loans to athletes who were between paychecks.

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