Former NFL Kicker Charged, Russell Erxleben Led Ponzi Scheme

Jan 25, 2013 01:50 PM EST

Former NFL kicker, Russell Erxleben, is going through more issues with the law. Erxleben was charged with running a ponzi scheme that scammed investors out of more than $2 million for over five years. 

From 2005-2009 the 1979 first round draft pick of the New Orleans Saints cheated investors on post-World War I government bonds from Germany and a painting allegedly created by the Frenchman Paul Gauguin. 

All Erxcleben did was use the money to pay himself and investors. 

How much time will he do? Well let's look at the charges he will be facing.

According to ABCnew.com, Erxleben was indicted on eight counts, six were for fraud and two for money laundering. So let's do the math. That's 20 years per fraud count and 10 per money laundering count. 

That's up to a total of 130  years in prison. 

The 56-year-old will be held in custody until Jan. 28, when his next court date is due. He will be allowed to seek a private attorney or can use the one provided by the court. 

This isn't Erxleben's first brush with the law. In 1999 was sentenced to seven years for again cheating investors of $36 million and still owes $28 million of this money to those people. 

Erxleben spent five years with the Saints from 1979-1983. He later returned to the NFL as a Detroit Lion for one season in 1987. He made a total of four field goals in his NFL career. 

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