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Former Miami Dolphin cornerback is in big trouble for a Ponzi Scheme ran in Florida

will allenFormer Miami Dolphins cornerback Will Allen has been up to no good since leaving the NFL, according to the SEC. The SEC claims the ex-NFL player ran a multi-million dollar Ponzi scheme and blew millions of dollars in clubs and casinos. 

According to the Securities and Exchange Commission, Allen a former first round pick of the Miami Dolphins- was a co-owner of Capital Financial Partners, which made loans to pro athletes. 

The SEC says 36-year-old Allen and his partner raised $31 million from investors but only loaned out $18 million.  The rest of the money they partied away. 

Now the SEC wants them to pay it back, and could end up in a prison sentence similar to Bernie Madoff. 

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