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 SANTA ANA, Calif. (AP) -A former University of California lineman who spent time in the Tennessee Titans' camp in 2001 has pleaded guilty to three counts of wire fraud and one count of money laundering.
Prosecutors say 30-year-old Reed Diehl entered his plea Monday in Orange County federal court. He was indicted last year by a federal grand jury on charges that he bilked a developer out of $2.5 million.
The U.S. Attorney's office says Diehl falsely represented himself to potential clients as a banker who made hard money loans.
According to a plea agreement, Diehl admitted that he caused losses of just over $5 million.
Diehl is scheduled to be sentenced September 28. He faces up to 70 years in prison.
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