A former NFL tight end has been found guilty in an ongoing Ponzi scheme case.
The Associated Press reports that Stu Voigt, who played for the Minnesota Vikings from 1970 to 1980, was found guilty of one count of bank fraud.
From AP:
A federal jury reached the verdict Friday in a case that prosecutors said bilked investors out of millions of dollars. Voigt was acquitted of a second bank fraud count.
Voigt’s business partner, Jeffrey Gardner, was convicted of multiple fraud charges.
Gardner was accused of using money invested in his Hennessey Financial LLC to pay prior investors and debts instead of financing real estate projects. Voigt was accused of defrauding a bank while he was its chairman by failing to disclose debts Gardner owed him while Gardner sought credit.
Gardner and Voigt will be sentenced at a later date, AP reports.
Photo by Anne Worner via Flickr CC License
