RICHMOND, Va. (AP) — A former football player at the University of Virginia has been convicted of running a $10 million fraud scheme that victimized more than 50 investors.
A federal jury in Richmond on Thursday convicted 36-year-old Merrill Robertson of Chesterfield.
Prosecutors say Robertson used contacts in the football world to solicit investors over a seven-year period beginning in 2009. Supposedly sophisticated investments were little more than a frozen-yogurt franchise and other restaurant ventures.
Prosecutors said Robertson used much of investors’ money on personal living expenses.
Robertson’s lawyer, Patrick Hanes, said he was disappointed in the verdict and no decision has been made on whether to appeal.
Robertson was a starting linebacker for the Cavaliers, and spent time in training camp for the Philadelphia Eagles and Minnesota Vikings in 2003 and 2004.
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