Former Saints punter sentenced for ‘ponzi scheme’

Former Saints punter sentenced for ‘ponzi scheme’
MGN Online
Tuesday, February 25, 2014 - 4:50pm

A former New Orleans Saints player will spend the next seven years in jail for scamming investors out of millions of dollars.

According to ESPN, ex-punter Russell Erxleben was sentenced in Austin Monday.

Prosecutors say between 2005 and 2009, Russell Erxleben ripped off investors in a massive "ponzi scheme,” the same crime he went to jail for 13 years ago.

The Saints drafted Erxleben in the first round in 1979.

He's best known for a record breaking 67-yard-field goal he kicked in 1977 at the university of Texas, a record he still holds today.

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