Former New York Giants cornerback Will Allen has pleaded guilty to wire fraud after being indicted on 23 counts from a $37 million Ponzi scheme. He ended up pleading guilty on four counts.
Via Law360.com, the man who played for the Giants, Dolphins, and Patriots from 2001 through 2012 entered a guilty plea to two counts of wire fraud, one count of conspiracy to commit wire fraud, and one count of monetary transactions in proceeds of specified unlawful activity.
Allen and co-defendant Susan C. Daub, against whom charges are still pending, allegedly raised money by telling investors their money would be pooled and loaned to athletes.