Ex-Longhorn kicker Russell Erxleben gets 90 months in prison for scams

[TexasTowelie]

A federal judge has sentenced former football player Russell Erxleben to seven and half years in prison in a series of foreign trading scams — including a $2 million Ponzi scheme — that bilked investors over nearly four years.

In an Austin court Monday morning, U.S. District Judge Lee Yeakel said he would accept the terms of a December plea agreement in which Erxleben pleaded guilty to a count of wire fraud and a count of money laundering, agreeing to a term of 90 months in prison on each offense to be served concurrently.

Erxleben stood in dark green jail garb, sullen and more than 50 pounds lighter than when he was arrested in January 2013 at his Dripping Springs home. He told Yeakel he ruined the good name he made for himself more than 35 years ago but was lucky to have a supportive family and wanted to do better.

“Frankly, I just blew it,” he said. “I’ve done wrong, and I have to correct it. … And I am ashamed. I am very ashamed.”

More at http://www.statesman.com/news/news/crime-law/ex-longhorn-kicker-russell-erxleben-gets-90-months/ndZnf/ .

[hobbit709]

1. Pretty much what he said the last time too. He's a slow learner.