USA: NFL stars defrauded in ownership swindle

Tom Brady #12 of the New England Patriots passes during a game against the Miami Dolphins

Several American Footballers lost money in fraudulent scheme

  PICTURE: Getty Images  

 By Peter Scargill 8.00aM 15 JUL 2016 

USA: A man from Ohio has been charged with defrauding American Football players after persuading them to give him money to invest in racehorses on their behalf but instead using it to fund his extravagant lifestyle.

Jonathan Pippin, 29, used the money from players representing the Cleveland Browns, Denver Broncos and San Diego Chargers to fund his gambling, trips to strip clubs and a Cadillac Escalade.

Pippin faces two charges of wire fraud and one of money laundering after conning his clients out of $ 308,805 (£233,278) having claimed he was working with a wealthy businessman to purchase horses from which the players would receive prize-money and stud rights.

In fact, Pippin had no relationship with the businessman and to mislead investors he created a fake email address for the businessman and would use it to communicate with them.

Acting US Attorney Carole Rendon said: “Pippin created a web of lies to pay for fancy cars, expensive clothes and gambling expenses. He defrauded investors to pay for a lifestyle he couldn’t afford. Now he’ll be held accountable for his actions.”

 
Horse Racing News | Racing Post

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