Latest news with #JohnLeake
Yahoo
11-03-2025
- Yahoo
Former NFL player John Leake sentenced to prison for running Ponzi scheme
Former NFL linebacker John Leake has been sentenced to 30 months in a federal prison and must make restitution of more than $5,300,00 for running a Ponzi scheme. Leake, who played for the Atlanta Falcons and Green Bay Packers from 2005-06, entered a guilty plea in September to to one count of wire fraud and one count of transactional money laundering. On Monday, he was sentenced for having "defrauded victims out of more than $5 million by lying to them that he was involved in lucrative luxury real estate investments, gold mines in Alaska and Ghana, and other ventures, and promising them high rates of return on their investments." Per From June 2015 to March 2020, Leake solicited money from victims by falsely claiming that he was participating in multiple lucrative business ventures, including subletting luxury real estate properties and real estate investing. Leake offered his victims the opportunity to loan him funds for him to invest in these purported ventures in exchange for a high rate of return. He also fraudulently offered to personally guarantee return of the victims' loans and provided them promissory notes purporting to memorialize his promise to repay the victims at a fixed rate of interest. Leake's lies to his victims included his claims that his business ventures were successful, and he had accumulated substantial personal assets and income. In fact, Leake lacked sufficient personal assets and income to repay his victims. Leake played in 25 NFL games with 12 solo tackles and assisting on five others. He played college football at Clemson. This article originally appeared on Touchdown Wire: Former NFL player John Leake sentenced to prison for Ponzi scheme
USA Today
11-03-2025
- USA Today
Former NFL player John Leake sentenced to prison for running Ponzi scheme
Former NFL player John Leake sentenced to prison for running Ponzi scheme Former NFL linebacker John Leake has been sentenced to 30 months in a federal prison and must make restitution of more than $5,300,00 for running a Ponzi scheme. Leake, who played for the Atlanta Falcons and Green Bay Packers from 2005-06, entered a guilty plea in September to to one count of wire fraud and one count of transactional money laundering. On Monday, he was sentenced for having "defrauded victims out of more than $5 million by lying to them that he was involved in lucrative luxury real estate investments, gold mines in Alaska and Ghana, and other ventures, and promising them high rates of return on their investments." Per From June 2015 to March 2020, Leake solicited money from victims by falsely claiming that he was participating in multiple lucrative business ventures, including subletting luxury real estate properties and real estate investing. Leake offered his victims the opportunity to loan him funds for him to invest in these purported ventures in exchange for a high rate of return. He also fraudulently offered to personally guarantee return of the victims' loans and provided them promissory notes purporting to memorialize his promise to repay the victims at a fixed rate of interest. Leake's lies to his victims included his claims that his business ventures were successful, and he had accumulated substantial personal assets and income. In fact, Leake lacked sufficient personal assets and income to repay his victims. Leake played in 25 NFL games with 12 solo tackles and assisting on five others. He played college football at Clemson.
