Ex-NFL Kicker Gets 7-Plus Years For $2M Ponzi Scheme

Law360, Houston (February 24, 2014, 3:07 PM EST) -- A Texas federal judge slapped a former NFL kicker with a 7 1/2-year prison sentence Monday for his role in a $2 million Ponzi scheme involving fake investments in fine art and foreign bearer bonds.

In accordance with a plea deal struck with prosecutors, U.S. District Judge Lee Yeakel sentenced Russell Erxleben, 57, to 90 months in prison for scamming clients who believed their money was being invested in post-World War I German government gold bearer bonds and artwork by French post-impressionist Paul Gauguin. Erxleben was...
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