Former NFL player Will Allen gets 6 years prison in Ponzi case

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By Jonathan Stempel

<span class="articleLocation”>Will Allen, a former cornerback for the New York
Giants and two other National Football League teams, was
sentenced to six years in prison on Wednesday for his role in
what prosecutors called a more than $35 million Ponzi scheme
involving fraudulent loans to professional athletes.

Allen, 38, of Davie, Florida, had pleaded guilty in November
to federal fraud, money laundering and conspiracy charges.

U.S. District Judge William Young in Boston also sentenced
Allen to serve three years of supervised release and pay $16.8
million of restitution.

The judge later imposed the same sentence against Allen’s
business partner Susan Daub, 56, of Coral Springs, Florida, a
former private banker at Regions Bank who pleaded guilty to the
same crimes.

Prosecutors had sought a 6-1/2 year term for Allen, but only
about four years for Daub, court records showed. Both defendants
were remanded into custody after being sentenced.

Allen and Daub were accused of having from 2012 to April
2015 swindled investors by promising to use their money to back
high-interest, short-term loans to athletes through Capital
Financial Partners, their Massachusetts-based company.

While some money did go to athletes, prosecutors said Allen
and Daub diverted millions of dollars to themselves, and used
new money to repay earlier investors.

More than $16 million was lost overall, and several
investors lost more than $1 million each, prosecutors said.

“Mr. Allen’s conduct is especially egregious,” Joel Garland,
an Internal Revenue Service special agent in charge, said in a
statement. “He used his status as an NFL athlete to legitimize
his dealings with investors.”

Oscar Cruz, a federal public defender representing Allen,
declined to comment. Daub’s lawyers did not immediately respond
to requests for comment.

Cruz had sought a 2-1/2 year term for Allen, saying the married father of three and his family recently lost their home
to foreclosure, and that Allen has “earnestly tried to rebuild
his life” in recent months.

Allen attended Syracuse University, and was a first-round
draft pick for the Giants in 2001. He played five seasons with
the Giants and six with the Miami Dolphins, before finishing his
NFL career with the New England Patriots in 2012.



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