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Former NFL player Merrill Robertson Jr. sentenced to 10 years in prison running $10 million fraud scheme

December 7, 2017  |  Posted by: JammedUp Staff
Former NFL player Merrill Robertson Jr. sentenced to 10 years in prison running $10 million fraud scheme Merrill Robertson Jr. (WTVR)

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RICHMOND, Va. — Former NFL player Merrill Robertson Jr. was sentenced to 40 years in federal prison for a fraud scheme that bilked over 50 investors of 10 million dollars.

Dana J. Boente, U.S. Attorney for the Eastern District of Virginia, said in a Justice Department press release that the 37-year-old Robertson Jr. of Chesterfield and a co-conspirator were sentenced on Wednesday.

The former University of Virginia and Philadelphia Eagles football player was convicted in August on 15 counts, including money laundering, bank fraud along with mail and wire fraud charges.

Federal prosecutors said Merrill Robertson Jr. and Sherman Carl Vaughn ran Cavalier Union Investments out of Richmond, Virginia.

Robertson and Vaughn solicited donors, former coaches, employees, and alumni of Virginia University and Fork Union Military Academy, the schools he had attended, to invest in promissory notes that he claimed would yield a 20% annual return.

Court documents indicate Robertson and Vaughn, instead used the invested funds to splurge on vacations, luxury vehicles, a luxury suite at a football stadium, school tuitions, and spa visits, WTVR reported.

““Behind every lie is a choice. Mr. Robertson lied to his friends and mentors, and many times had the opportunity to come clean and tell the truth. Instead, he chose to continue his lies and fraud, which had devastating effects on his victim,” Boente said.

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