AUSTIN, Texas (AP) — Federal authorities say former NFL kicker Russell Erxleben has been charged with running an illegal investment scheme that raised more than $2 million.
The U.S. attorney’s office in Austin announced Erxleben’s arrest Thursday. Erxleben is to appear before a federal magistrate judge in the afternoon.
The 56-year-old Erxleben faces 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-World War I German bonds and paintings by French artist Paul Gauguin.
