Posts Tagged ‘ John Elway ’

Stanford alum John Elway loses millions in Ponzi Scheme

October 14, 2010
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Stanford alum John Elway loses millions in Ponzi Scheme

Hall of Famer and legendary Stanford QB John Elway got duped out of approximately $15 million from a hedge-fund manager who was recently arrested for running a multi-million dollar Ponzi scheme. The Stanford grad, who happened to be an econ major, and his business partner invested their millions with 42 year-old Sean Mueller. Mueller created the Mueller’s Hedge-Fund Account that used investors’ deposits to pay off older investors. A simple Ponzi scheme that always fails once the investors dry...

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