Former NFL cornerback Will Allen and his business partner Susan Daub are facing civil fraud charges from federal regulators . They allegedly reaped over $ 31 million in a Ponzi scheme that promised high returns to investors from funding loans to cash-strapped pro athletes . The SEC alleges the pair used their own money, borrowed against other people's credit cards, and sold investments without disclosing they were being paid back with cash instead of investment income.
Former NFL cornerback Will Allen and his business partner Susan Daub are facing civil fraud charges from federal regulators . They allegedly reaped over $ 31 million in a Ponzi scheme that promised high returns to investors from funding loans to cash-strapped pro athletes . Allen , 36 , was a cornerback in the NFL from 2001 to 2012 , playing for the New York Giants and the Miami Dolphins . The SEC said Allen and Daub paid about $ 20 million to investors but received only around $ 13 million in loan repayments from athletes . To make up the gap they paid investors with other investors ' money rather than actual profits on the investments , the agency said .