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 Prosecutors say Diehl's bond was revoked in January after he tried to enter into a real estate transaction for a $3.5 million house using a false name and someone else's Social Security number.

Latest News

Trump not planning to fire Powell, market tension eases
Trump not planning to fire Powell, market tension eases

Futures indicate stocks will build on Tuesday's rally.

From stocks and economy to their own finances, consumers are getting gloomier
From stocks and economy to their own finances, consumers are getting gloomier

Cost of living still tops concerns about negative impacts on personal finances

Women share investing strengths, asset preferences in new study
Women share investing strengths, asset preferences in new study

Financial advisors remain vital allies even as DIY investing grows

Trump vows to 'be nice' to China, slash tariffs
Trump vows to 'be nice' to China, slash tariffs

A trade deal would mean significant cut in tariffs but 'it wont be zero'.

Fed's Kugler warns of worse-than-expected impact of tariffs
Fed's Kugler warns of worse-than-expected impact of tariffs

Inflation, economic risk is greater than previously thought.

SPONSORED Compliance in real time: Technology's expanding role in RIA oversight

RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.

SPONSORED Advisory firms confront crossroads amid historic wealth transfer

As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.