{"id":1623,"date":"2015-04-08T19:40:53","date_gmt":"2015-04-08T19:40:53","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2015\/04\/sec_sues_exnew_york_giants_cor"},"modified":"2022-03-22T13:37:51","modified_gmt":"2022-03-22T18:37:51","slug":"sec-sues-exnew-york-giants-cor","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/sec-sues-exnew-york-giants-cor\/","title":{"rendered":"SEC Sues Ex-New York Giants Cornerback Over Alleged Ponzi Scam"},"content":{"rendered":"

\t\t\t\tThe U.S. Securities and Exchange Commission is suing a former New York Giants player for allegedly helping to run a Ponzi scam<\/a>. According to the regulator, Will Allen and his business partner Susan Daub raised over $31 million from investors, promising them profits from loans made to professional athletes. Allen and Daub managed Capital Financial, which was compromised of several companies. <\/p>\n

The SEC said that the alleged financial scam took place from 7\/12 through 2\/15 and involved over 40 people investors, who were told they could make up to 18% in interest. The Commission contends that Allen and Daub misled investors about the circumstances, terms, and the existence of certain loans. <\/p>\n

For example, according to the complaint, last year, at least two dozen investors handed over approximately $4 million that was supposedly going to go toward a $5.6 million loan for an NHL player. They were given a copy of a promissory note and loan agreement that was supposed to have been signed by both Allen and the player. The player was to make monthly payments. <\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

The U.S. Securities and Exchange Commission is suing a former New York Giants player for allegedly helping to run a Ponzi scam. According to the regulator, Will Allen and his business partner Susan Daub raised over $31 million from investors, promising them profits from loans made to professional athletes. Allen and Daub managed Capital Financial, […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3792],"tags":[],"class_list":["post-1623","post","type-post","status-publish","format-standard","hentry","category-ponzi-scams"],"yoast_head":"\nSEC Sues Ex-New York Giants Cornerback Over Alleged Ponzi Scam — Investor Lawyers Blog — April 8, 2015<\/title>\n<meta name=\"description\" content=\"The U.S. Securities and Exchange Commission is suing a former New York Giants player for allegedly helping to run a Ponzi scam. 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