Former Saints Kicker Erxleben Charged with Fraud - KALB-TV News Channel 5 & CBS 2

Former Saints Kicker Erxleben Charged with Fraud

Posted: Updated:

 

AUSTIN, Texas (AP) - Federal authorities say former Texas and NFL kicker Russell Erxleben has been arrested and charged with running an illegal investment scheme that raised more than $2 million.

 

Erxleben's arrest was announced Thursday by the U.S. Attorney's office in Austin. Erxleben is to appear before a federal magistrate judge Thursday afternoon.

 

The 56-year-old Erxleben faces several counts of wire fraud, securities fraud and money laundering from 2005 to 2009. According to the indictment, Erxleben lured investors into fraudulent ventures dealing in post-WW I German government bonds and the paintings of French artist Paul Gauguin.

 

Erxleben was sentenced in 1999 to federal prison for running an investment scam that robbed investors of $36 million.

 

He holds the record for the longest field goal in UT history - 67 yards - in 1977.

Powered by WorldNow
Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and KALB. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.