article_snippet: The 35-year-old wasn't celebrating a cup triumph but the millions flowing through Michael McIndoe accounts from an alleged £30million investment scheme that snared a string of top-flight players.
article_snippet: Yeovil then took advantage of the Bulls' financial plight and snapped Michael McIndoe up for £25,000 the following year.
article_snippet: But the former Wolves and Coventry midfielder, who is accused of persuading 300 stars including Jimmy Bullard as well as a string of lower league players to invest with Michael McIndoe, is now being investigated by police.
article_snippet: Michael McIndoe even had a bodyguard,' said one footballer, who lost around £75,000 in the scheme, which promised a 20 per cent return on investments.
article_snippet: McIndoe used the promise of 20 per cent returns on people's money to fund McIndoe champagne lifestyle .
article_snippet: The former Scotland B player added that McIndoe targeted fellow professionals and businessmen football supporters and initially gave fellow professionals and businessmen football supporters the 20 per cent return paid monthly in cash.
article_snippet: The former Scotland B player told original investors to get other 'clients' involved and original investors would be rewarded.
article_snippet: McIndoe was reportedly gambling heavily before the scheme crashed and is said to have run through £1m on bets with one bookmaker in a year. '
article_snippet: McIndoe had the gift of the gab but was very cagey about the scheme, saying the money was in property, gold or City investments,' added the player, who declined to be named. '
article_snippet: People were convinced when People saw McIndoe paying out but then McIndoe suddenly closed the scheme down.
article_snippet: McIndoe kept telling me to wait and that I would be a wealthy man.'
highlights_snippet: Michael McIndoe convinced footballers to take part in investment scheme .
  
highlights_snippet: Investors in investment scheme reportedly lost a combined £30million .
  Former Wolves and Coventry midfielder spent money on a lavish lifestyle .
  