Former NFL defensive back Will Allen was reportedly indicted on a charge of securities fraud after allegedly orchestrating a Ponzi scheme with business partner Susan Daub, per Callum Borchers of the Boston Globe.
Borchers provided some background info on what led to Allen's legal trouble:
Allen, who signed with the Patriots in 2012 but never appeared in a game, allegedly partnered with Daub to run a Ponzi scheme in which they convinced investors to fund high-interest, short-term loans to athletes, according to federal charges. Allen and Daub used much of the money from new investors to pay off earlier ones and diverted millions to themselves, the indictment said.