Former Cal player indicted in federal wire fraud case Print
Written by Admin   
Wednesday, 02 April 2008 18:37
NCAAF Headline News

 SANTA ANA, Calif. (AP) -Reed Diehl, a former University of California lineman who spent time in the Tennessee Titans' camp in 2001, was indicted by a federal grand jury Wednesday on charges that he bilked a developer out of $2.5 million.
The 29-year-old Diehl, the offensive line coach at Mater Dei High School, was arrested last month on a federal complaint charging him with wire fraud. The indictment charges him with nine counts of wire fraud and two counts of money laundering, the U.S. attorney's office said.
Diehl, free on a $75,000 bond, was scheduled to be arraigned Monday.
Prosecutors said Diehl offered to secure a $24 million line of credit for a construction project in Mexico if the developer deposited $2.5 million into a bank account. Diehl promised to use the money as collateral to secure a line of credit, but instead withdrew the money to pay other people who made investments with him, the complaint said.
Diehl used the money to pay off other investors and to run his mortgage lending and private investment companies. An after-hours call to one of those companies, ARA Capital in Irvine, was not immediately returned.
 

NCAAFB Team Pages

Top NCAAFB Public Bets

View All: NFL |  NBA |  NCAAF |  NCAAB |  MLB |  NHL

Recent NCAAFB Discussions

NCAAFB Futures

NCAA FOOTBALL TEAM BCS CHAMPIONSHIP ODDS CURRENT
FLORIDA STATE 4/1
ALABAMA 6/1
OREGON 13/2
OHIO STATE 9/1
OKLAHOMA 12/1
LSU 16/1
AUBURN 18/1
UCLA 18/1
MICHIGAN STATE 20/1
STANFORD 25/1
View All

Privacy Policy | Terms of Service | Contact Us | Advertising | 888-99-SPREAD

THIS IS NOT A GAMBLING SITE – If you think you have a gambling problem click here.

Disclaimer: This site is for informational and entertainment purposes only. Individual users are responsible for the laws regarding accessing gambling information from their jurisdictions. Many countries around the world prohibit gambling, please check the laws in your location. Any use of this information that may violate any federal, state, local or international law is strictly prohibited.

Copyright: The information contained on TheSpread.com website is protected by international copyright and may not be reproduced, or redistributed in any way without expressed written consent.

About: TheSpread.com is the largest sports betting news site in the United States. We provide point spread news, odds, statistics and information to over 199 countries around the world each year. Our coverage includes all North American College and Professional Sports as well as entertainment, political and proposition wagering news.

©1999-2013 TheSpread.com