Former NFL Punter And Kicker Russell Erxleben Charged In Alleged Ponzi Scheme
Russell Erxleben is a former NFL kicker and punter that you’ve never heard of. In 1979, he was a first round draft pick of the New Orleans Saints, playing for five seasons in the NFL (plus one 52-yard punt for the Detroit Lions in 1987). In 1977 while at the University of Texas, he made a 67-yard field goal, which still stands as the NCAA record.
Erxleben’s short-lived NFL career eventually gave way to Ponzi schemes, except Erxleben was the Ponzier, and not the Ponzied. Back in 1999, Erxleben scammed investors out of $36 million and earned himself an 84-month prison sentence, a $1 million fine and another $28 million in restitution charges. But after his release in 2005, Erxleben hopped right back on the Ponzi train and began scamming some more investors, to whom he conveniently forgot to mention that he was a convicted felon for, uh, scamming investors.