Go Back   New Orleans Saints - blackandgold.com > Main > Saints
Shop Horizontal

Ex-Saint Russell Erxleben charged with fraud

this is a discussion within the Saints Community Forum; Former Texas All-American and NFL kicker and punter Russell Erxleben, who previously served a federal prison sentence for securities fraud, was arrested Thursday on new charges of running an illegal Ponzi investment scam that netted more than $2 million. According ...

Closed Thread
 
LinkBack Thread Tools Display Modes
Old 01-24-2013, 06:29 PM   #1
SaintsWillWin
 
Join Date: Nov 2010
Location: Shreveport,Louisiana
Posts: 9,921
Post Ex-Saint Russell Erxleben charged with fraud

Former Texas All-American and NFL kicker and punter Russell Erxleben, who previously served a federal prison sentence for securities fraud, was arrested Thursday on new charges of running an illegal Ponzi investment scam that netted more than $2 million.

According to a federal indictment, the 56-year-old Erxleben scammed investors from 2005 to 2009 with fraudulent deals that promoted dealing in post-World War I German government bonds and a work of art purportedly by French painter Paul Gauguin.

According to the indictment, Erxleben used the investments to pay himself and previous investors. Erxleben was indicted on five counts of wire fraud, one count of securities fraud and two counts of money laundering. He faces up to 20 years in prison on each of the wire and securities fraud charges, and up to 10 years on the money laundering charge.

U.S. Magistrate Judge Mark Lane ordered Erxleben held in custody until his next court appearance Jan. 28. Erxleben requested a court-appointed attorney but told the court he may also seek to hire private counsel.

Erxleben was sentenced in 1999 to seven years in federal prison for an investment scam that robbed investors of $36 million. The latest indictment said Erxleben did not disclose that conviction or the fact his still owed $28 million in restitution, to his later investors.

Erxleben still holds the record for the longest field goal in UT history - 67 yards - in 1977, a mark that also stands as an NCAA record Erxleben shares with two others. He was a first-round draft pick by the New Orleans Saints in 1979

Former NFL kicker Russell Erxleben charged with fraud - NFL News | FOX Sports on MSN

"A Veteran is someone who, at one point in his life, wrote a blank check made payable to "The United States of America" for an amount of "up to and including my life."
WhoDat!656 is offline  
Latest Blogs
The ArtiChoke Last Blog: 09-18-2014 By: Barry from MS


How to really handle Ray Rice and AP Last Blog: 09-17-2014 By: neugey


The Lost Art of the Trade Last Blog: 08-30-2014 By: jeanpierre


Old 01-24-2013, 06:32 PM   #2
"Do Your Job!!"
 
Join Date: Oct 2011
Location: Mid City, New Orleans
Posts: 1,754
Re: Ex-Saint Russell Erxleben charged with fraud

Still sucking at life eh!?!
CharityMike is offline  
Old 01-24-2013, 10:23 PM   #3
 
Join Date: Sep 2007
Location: The Woodlands
Posts: 17,454
Blog Entries: 27
Re: Ex-Saint Russell Erxleben charged with fraud

A ponzi scheme at that.
SmashMouth is offline  
Old 01-24-2013, 10:37 PM   #4
Moderator
 
Join Date: Sep 2007
Location: New Haven Ct
Posts: 18,422
Re: Ex-Saint Russell Erxleben charged with fraud

Dumb, must like prison.
QBREES9 is offline  
Old 01-25-2013, 09:25 PM   #5
Bounty Money $$$
 
Join Date: Oct 2008
Location: 5800 Airline Dr. Metairie, LA.
Posts: 11,366
Re: Ex-Saint Russell Erxleben charged with fraud

Stupid mother ******!
Rugby Saint II is offline  
Old 01-25-2013, 11:35 PM   #6
SaintSince67
 
Join Date: Sep 2007
Location: PortCity
Posts: 1,762
Re: Ex-Saint Russell Erxleben charged with fraud

They never filed charges for impersonating a football player.
We used a 1st round pick on a kicker/punter/quarterback.
Saints want their money back too!
He duped us first.
darstep is offline  
Old 01-26-2013, 12:38 AM   #7
Site Donor
 
Join Date: Dec 2009
Location: lafayette
Posts: 3,674
Re: Ex-Saint Russell Erxleben charged with fraud

He screwed us then and still doing it now. Well canned.
st thomas is offline  
Old 01-26-2013, 10:11 PM   #8
Moderator
 
Join Date: Sep 2007
Location: New Haven Ct
Posts: 18,422
Re: Ex-Saint Russell Erxleben charged with fraud

He screwed, alot of people. Um maybe thats why he likes prison.
QBREES9 is offline  
Old 01-26-2013, 10:22 PM   #9
Site Donor 2014
 
Join Date: Feb 2010
Posts: 1,808
Re: Ex-Saint Russell Erxleben charged with fraud

What a PoS he is.
A real Piece of Shet.
OldMaid is offline  
Closed Thread

Thread Tools
Display Modes

Posting Rules

LinkBacks (?)
LinkBack to this Thread: http://blackandgold.com/saints/54942-ex-saint-russell-erxleben-charged-fraud.html
Posted By For Type Date Hits
The Latest New Orleans Saints News | SportSpyder This thread Refback 01-25-2013 09:08 AM 1
Ex-Saint Russell Erxleben charged with fraud This thread Refback 01-24-2013 07:20 PM 2


All times are GMT -5. The time now is 07:49 AM.


Copyright 1997 - 2013 - BlackandGold.com
no new posts