Ex-NFL player pleads guilty to business scam
by Associated Press
Published: October 7,2011
Tags: athletes, athletics, courts, investing, investments, investors, pleas, professional athletes, professional sports, scam, scheme, sentencing, sports
JACKSON — A former National Football League player and Mississippi businessman has admitted to using investors’ money for a planned resort area in China and to buy himself a luxury van, a boat and other items.
The Clarion-Ledger reports 48-year-old Jeffrey L. Walker, formerly of Madison, pleaded guilty yesterday in U.S. District Court to wire fraud and tax evasion.
Last year, Walker, who played for the New Orleans Saints and San Diego Chargers, was charged in a 12-count federal indictment accusing him of wire fraud, tax evasion and money laundering.
He was accused of fraudulently obtaining at least $2.2 million in investors’ money.
In a plea agreement yesterday, Walker pleaded to two counts. The other counts will be dismissed at sentencing.
Sentencing is set for Dec. 20.
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