Ex-NY Giant Will Allen accused of running Ponzi scheme

April 7, 2015 5:58 PM

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Former New York Giants cornerback Will Allen ran a Ponzi scheme that bilked investors out of $32 million through fraudulent loans to professional athletes, regulators alleged in a lawsuit Tuesday.

Allen and his partner, Susan Daub, formed Capital Financial Partners, a firm that purported to make short-term loans to athletes during the off-season — a potentially lucrative business with high interest rates, the Securities and Exchange Commission said in its civil suit.

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