The US Attorney’s Office for the Southern District of Texas recently announced that District Court Judge Keith P. Ellison has sentenced former financial adviser Peggy Ann Fulford to 120 months in prison—that’s 10 years. Fulford defrauded a number of professional athletes, including ex-NBA basketball players Dennis Rodman and Travis Best, former Heisman trough winner Ricky Williams, as well as NFL football players Lex Hilliard and Ricky Williams, of millions of dollars. The former broker, who is from Houston and was based out of New Orleans, pleaded guilty to one count of interstate transportation of stolen property in 2018.
Fulford, who also used the last names King, Williams, Simpson, Rivers, and Barard as her aliases, along with the names Devon Cole and Devin Barard, admitted that she falsely told her former clients that she had degrees from Harvard Business School and Harvard Law School, as well as that she had made millions of dollars on Wall Street. She told her victims that they didn’t need to pay her a fee because she was already wealthy and just wanted to help them protect their funds.
Instead, Fulford, who was supposed to manage their money and pay their bills for them, diverted millions of dollars to support her own lavish spending habits. Even after pleading guilty and while out on bond in this criminal case, Fulford, as Peggy Jones, allegedly defrauded another man out of $25K.