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UNION-TRIBUNE December 21, 2005 A former NFL player who was selling investments pleaded guilty to wire fraud yesterday, admitting
he lost $2 million to $2.5 million from about 17 investors whom he misled with claims of huge profits. Rick Fenney is facing up to 33 months
in prison at a sentencing scheduled for March 8 in San Diego federal court.
Fenney was a running back for five seasons with the Minnesota Vikings and played college football
at the University of Washington. He said in court that his investment firms promised wealthy investors a hedge against drops in other investments. But while he lost money day-trading
their money, he sent e-mail statements showing stunning growth and eventually started using money from new investors to pay
off earlier participants, a classic Ponzi scheme.
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