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 , from 2001 to 2012 , was a cornerback in the NFL 36 , 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 .
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 .