Will Allen Indicted for Involvement in Ponzi Scheme: Latest Details, Comments

Former NFL defensive back Will Allen was reportedly indicted on a charge of securities fraud after allegedly orchestrating a Ponzi scheme with business partner Susan Daub, per Callum Borchers of the Boston Globe.

Borchers provided some background info on what led to Allen's legal trouble: 

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Allen, who signed with the Patriots in 2012 but never appeared in a game, allegedly partnered with Daub to run a Ponzi scheme in which they convinced investors to fund high-interest, short-term loans to athletes, according to federal charges. Allen and Daub used much of the money from new investors to pay off earlier ones and diverted millions to themselves, the indictment said.

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According to the complaint from the Securities and Exchange Commission, Allen and Daub forged the signatures on documents shown to investors to assuage any concerns as to whether their money was being spent correctly, per Rafael Olmeda of the Sun Sentinel.

A total of $32 million was funneled through Allen and Daub's Capital Financial Partners LLC. Allen made roughly $4.1 million from the financial venture, while Daub and her son received $239,000 and $51,000, respectively, as well.

One of Allen's attorneys, Theresa Van Vliet, refused to comment on the situation, while Brad Bailey, an attorney for Daub, protested her innocence, per Borchers.

Allen played 11 years in the NFL, spending time with the New York Giants, Miami Dolphins and New England Patriots. In 140 career regular-season games, the 36-year-old recorded 527 total tackles and 15 interceptions, one of which he took back for a touchdown.