Ex-Patriots Player Sent Behind Bars for Ponzi Scheme

BOSTON, MA — A former NFL player that was once signed to the New England Patriots will spend times behind bars for a ponzi scheme.

Will D. Allen, 38, of Davie, Florida, and Susan Daub, 56, of Coral Spring, Florida, were sentenced in U.S. District Court in Boston to six years in prison, three years of supervised release and ordered to pay restitution in the amount of approximately $16.8 million.

Allen, who split time with the New York Giants and Miami Dolphins before signing with the Patriots before the 2012 season, pleaded guilty in November to to two counts of wire fraud, one count of conspiracy and one count of money laundering. Daub admitted to the same charges. Both were arrested in June 2015.

Between 2012 and April 2015, Allen and Daub defrauded investors out of millions of dollars by claiming that the funds would be used to back high-interest, short-term loans to professional athletes through Capital Financial Partners (CFP), Allen and Daub’s Massachusetts-based company, according to the U.S. Attorney's office. While CFP did make some loans to athletes, Allen and Daub also diverted millions of investor dollars to themselves and other business ventures. In total, Allen and Daub took in over $35 million in investments. To date, they have repaid less than $22 million, the U.S. Attorney's office said.

As part of the fraud, Allen and Daub collected money from investors to fund fictitious loans, then used the money, in part, to pay themselves. Other times, Allen and Daub told some investors that the loans CFP made to professional athletes were larger than they actually were, allowing Allen and Daub to collect more money from investors than they were lending out to athletes. To keep investors from discovering their fraud, Allen and Daub used newly invested money to make payments to existing investors, which they falsely characterized as interest and principal payments from athlete borrowers, according to the U.S. Attorney's office.

Allen played two preseason games with the Patriots before he was placed on injured reserved.

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