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.

Recent NCAAF Discussions

uconn / smu college hoops on Sat, Feb 2017 by armyranger
Carolina Wise Guy.....What? on Thu, Feb 2017 by Timmy1961
2017 NFL Draft Props on Fri, Feb 2017 by Blade
Handicapping Week 1 on Fri, Feb 2017 by Blade
Blade what time do you get up on Thu, Feb 2017 by Blade
Advertisement

NCAAF Headlines

Advertisement

NCAAF Top Stories

Thumbnail Alabama Favored vs. FSU Week 1 Some of the Week 1 college football lines are starting to trickle out, including the spread for the Florida State versus Alabama matchup...
Thumbnail 2017 Heisman Trophy Odds The 2017 college football season is months away but oddsmakers have already released odds for the Heisman Trophy.

NCAAF Team Pages