Ex-Adviser to Athletes Pleads Guilty to $3M fraud

By: Associated Press
By: Associated Press
A former financial adviser to Michael Vick and several other NFL players has pleaded guilty to stealing more than $3 million from the players in a Ponzi scheme.

Michael Vick

A former financial adviser to Michael Vick and several other NFL players has pleaded guilty to stealing more than $3 million from the players in a Ponzi scheme.

U.S. Attorney Deborah Gilg said Mary Wong of Omaha pleaded guilty to securities fraud on Monday. She was charged last summer.

Prosecutors say Wong worked out of her Omaha home and purported
to sell investments in luxury properties in Arizona, Tennessee and
Michigan along with private jets and other investments. Prosecutors
say many of the investments never existed. Instead, they said, Wong
used the money to support her other businesses and a lavish
lifestyle.

Wong is scheduled to be sentenced on Dec. 20. She faces up to 20
years in prison and a fine of up to $1 million.


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