Will Allen Could Spend Life In Prison For Ponzi Scheme
Will Allen spent 10 years in the NFL, but he might spend the rest of his life in prison after being indicted on 23 felonies adding up to 240 years.
Clearly 240 years is the absolute maximum sentence Allen could receive, but there is a serious possibility he could be confined to a room with bars until the end of his days. What started as civil fraud charges back in April panned out to become "12 counts of wire fraud, six counts of aggravated identity theft, one count of conspiracy to commit wire fraud and four counts of illegal monetary transactions." What makes it worse? He was conning fellow athletes.
The report, first obtained by the Palm Beach Post, claims Allen was making high-interest, short-term loans in the offseason with money he gathered from investors. He was conning both ways. The investors were promised an 18 percent return, but Allen spent it on himself instead. He and his associate, Susan Daub, ran a high-risk, high-reward game on a victim base with a lot of dough. How much?
The details of the Ponzi scheme reveal that Allen and Daub made away with almost $32 million. Let that number marinate. This wasn't part time thievery. This was serious white-collar crime.
Typically offseason stories in the NFL involve a current player getting into some minor trouble off the field. Luckily for the NFL, Allen is no longer a current player. It lessens the headache for "the shield," but Allen is facing some of the more sensational charges we've ever seen in the world of sports.
It's not every day you scroll through your news feed and see a man facing up to 240 years in prison for a $32 million dollar Ponzi scheme, regardless of his field of occupation. Apparently the NFL paychecks weren't enough for him.