Bernie Madoff, famous for being infamous-the man who currently sits in jail on a 150-year imprisonment sentence, resulting in the forfeiture of the $17.179 billion that he stole from unsuspecting investors, isn't the only one who has concocted and subsequently caught for a Ponzi scheme, but, at least Madoff only had the one scheme.
Former NFL player, kicker (yes, kickers are also players), Russell Erxleben,, in 1999, was sentence to seven years in federal prison for his own Ponzi venture, robbing investors of $36 million, has been arrested, again, for running another illegal Ponzi scheme, this time, scamming investors of over $2 million.
Granted, it isn't for as much money as the aforementioned Madoff, but going to jail for a crime and then trying the same scheme, again, once out of prison-that is stupid, or audacious, depending on how one looks at it, on another level entirely.
According to the indictment report, The AP is reporting that the 56-year-old Erxleben "scammed investors from 2005 to 2009 with fraudulent deals" and then, he turned around and used the money to not only pay himself, but previous investors as well.
This time he is indicted on five counts of wire fraud, one count of securities fraud and two counts of money laundering. He faces up to 20 years in prison on each of the charges and up to 10 years on money laundering charge.
To make sure Erxleben doesn't try anything fish-like skipping town, or leaving the country, The AP reports that the judge in his case, U.S. Magistrate Judge, Mark Lane, has order that he remain in custody until his next court appearance on Jan. 28.
He requested a court-appointed attorney, but has also stated that he might seek private representation.
A first-round draft pick by the New Orleans Saint, he still holds the Utah college record for the longest field goal-67 yards, set in 1977, which is also a mark that is shared, by two others, as an NCAA (National Collegiate Athletic Association) record.
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