Ex- NFL running back Ricky Williams will think twice the next time a random person offers to be his financial adviser.
Last week, federal authorities arrested Peggy Ann Fulford for allegedly stealing millions of dollars from Williams and three other professional athletes. According to a press release, Fulford posed as a professional financial adviser with a Harvard education, promising to use the athletes' bank accounts to pay their bills and income taxes, as well as to make retirement investments.
According to allegations, what Fulford was actually doing was transferring the money to herself through dozens of bank accounts and using it for personal gain, going on spending sprees for real estate, jewelry, cars, and plane tickets.
Fulford's official charges include wire fraud, mail fraud, money laundering, and interstate transportation of stolen property. If convicted of fraud, she could face up to 20 years in federal prison. If the transportation and laundering charges hold up, she'll face a maximum of 10 years.
During his career, Williams played 11 seasons and rushed over 10,000 yards. He played for the Miami Dolphins, the New Orleans Saints, and the Baltimore Ravens.
Williams and his wife are reportedly seeking up to $4 million to undo the damage.