Michael Vick's ex-adviser tossed in jail

Judge sentences Mary Wong to more than five years in prison for Ponzi scheme

By Associated Press

Dec 21, 2010 @ 1:29 pm (Updated 2:01 pm) EST

(Keith Allison)

A former financial adviser to Michael Vick and several other NFL players has been sentenced to more than five years in prison for stealing more than $3 million from the players in a Ponzi scheme.

U.S. Attorney Deborah Gilg said Mary Wong of Omaha was sentenced Monday to 63 months in prison for securities fraud. Wong pleaded guilty in September.

Wong also was ordered to pay more than $3 million in restitution and serve 3 years supervised released.

Prosecutors say Wong worked out of her Omaha home and purported to sell investments in luxury properties in Arizona, Tennessee and Michigan along with private jets and other investments. Prosecutors say many investments never existed. Instead, they say, Wong used the money to support her other businesses and a lavish lifestyle.

Court documents show that that Mr. Vick believes he gave about $550,000 to Ms. Wong. Mr. Vick's attorneys said the controversial NFL quarterback gave Ms. Wong a general power of attorney so she could manage his assets while he was serving time in federal prison for running an illegal dogfighting ring.

Three other NFL players -- Demorrio Williams of the Kansas City Chiefs and twins Josh Bullocks of the Chicago Bears and Daniel Bullocks of the Detroit Lions -- were partners with Wong in Williams & Bullocks LLC. All three played at the University of Nebraska.

None of three men were accused of wrongdoing in the case.

  @IN Wire

Apr 23 12:57PM
Attracting female clients, employees: It's not all about gender, so don't forget about chemistry http://t.co/ODu37qCnzx
Apr 23 12:56PM
Weighing the pros and cons of being on Yelp (if your firm allows) http://t.co/pLzBbiV8bj

Career Center

Explore your opportunities and be informed for your next move.

Company Type
Firm Type
Clearing Firm
Presented by

Most Watched Video

7:12The 2 biggest factors driving growth in active ETFs

Ugo W. Egbunike Dir. Of Business Development, ETF.com Greg Crawford Deputy Editor, InvestmentNews

Video Spotlight
1:47People are Living Longer. Good News or Bad News?

Sponsored by Oppenheimer Funds Inc.