Eagles

David Akers Lost $3.7 Million in Ponzi Scheme

By Kyle Scott

Published: Aug 16th, 2011 · 2:24 PM EDT

---

Part of this story was reported earlier this year, when David Akers revealed that he had lost a lot of money investing with Triton Financial. Yesterday, Akers told a federal jury that he lost $3.7 million investing with the Austin-based company: [The Post Game]

Akers claims he got some bad advice from Kurt Barton, the former chief executive of the company. 

"I've had a lot of sleepless nights," Akers told the Austin-American Statesman. "This is my family's future. I said that to Kurt a lot of times. I said, 'Man I'm trusting in you.'" 

Prosecutors say Barton regularly lied to investors about where their money actually ended up; instead he built up a $50 million Ponzi scheme.

 

Sean Considine, Ty and Koy Detmer also had dealings with Barton. Sad.

[The Post Game]

H/T to Nick