Ex-NFL linebacker gets prison for part in Ponzi scheme

A former University of California lineman who spent time in the Tennessee Titans' camp in 2001 has been sentenced to 57 months in federal prison for his role in a $5 million Ponzi scheme.
DEC 29, 2009
A former University of California lineman who spent time in the Tennessee Titans' camp in 2001 has been sentenced to 57 months in federal prison for his role in a $5 million Ponzi scheme. Reed Diehl was sentenced in Orange County federal court Monday. The 31-year-old was indicted last year following an FBI investigation. He pleaded guilty in July to three counts of wire fraud and one count of money laundering. He admitted that he cheated investors by promising high rates of returns on investments, including multimillion dollar condominium projects in Mexico. Prosecutors say Diehl's bond was revoked in January after he tried to enter into a real estate transaction for a $3.5 million house using a false name and someone else's Social Security number.

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