Former Giants Player Will Allen Sentenced To Prison

Last November, Will Allen and his business partner pleaded guilty to running a multi-million dollar Ponzi scheme.

Allen and partner Susan Daub pleaded guilty in federal court to federal fraud, conspiracy and money laundering charges.

Prosecutors say Allen and Daub got money from investors by saying they were making high-interest loans to professional athletes. The loans ended up being either less than they claimed or simply non-existent. They took in over $35 million while repaying less than $22 million.

A federal judge sentenced Allen and Susan each to six years in prison and three years of supervised release. They also were ordered to pay restitution totaling $17 million.

Allen was drafted by the Giants in the first round in 2001, and he played there through the 2005 season. He was a Dolphin from 2006 through 2011, then signed a one-year deal with the Patriots for 2012. He was injured during the pre-season that year and retired.

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