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.

NCAAF Headlines

NCAAF Top Stories

Thumbnail Army vs. Navy Pick As tradition in college football, the final regular season game will be played between Army and Navy this Saturday. Will the game be high-scoring?
Thumbnail CFB Bowl Game Las Vegas Odds The College Football Bowl Season is upon us. Here is a look at what Las Vegas thinks of this year’s games.
Thumbnail Heisman Trophy Odds   Another Heisman Trophy winner will be announced on Saturday. Here is a look at the odds to take home the trophy.
Thumbnail College Football Bowl Game Odds With the entire 2016-17 Bowl Schedule set, here is a look at the opening odds for each of the postseason games.
Thumbnail Updated Playoff Championship Odds Which of the four teams will emerge as the winner of the College Football Playoffs? Here is a look at the latest odds.

NCAAF Team Pages