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Russell Erxleben jailed on fraud charges

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Finally, a traditional story of fraud we can all get behind.

This one doesn’t involve fake dead girlfriends which are actually guys (not that there’s anything wrong with that).

This one involves former Saints kicker Russell Erxleben, $2 million and fake Gauguin paintings.

(Exhales)

Ah, that’s better.

According to Jazmine Ulloa of the Austin American-Statesman, Erxleben was indicted on five counts of wire fraud, one count of securities fraud and two counts of money laundering on charges of runninng a Ponzi scheme that generated more than $2 million.

He will remain in jail until a hearing next week, after being rule a flight risk by U.S. Magistrate Judge Mark Lane.

The indictment said Erxleben used several companies to promote investment in ventures including “pre-World War II German government gold bearer bonds” and fake paintings by the French post-Impressionist artist Paul Gauguin.

Of course.

Erxleben pleaded guilty to federal conspiracy and securities fraud charges in 1999, after scamming investors out of $30 million.

We now return you to your previously scheduled Jerry Springer show.

Photo credit: Saintscards.net

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9 Responses to “Russell Erxleben jailed on fraud charges”
  1. picksix401 says: Jan 24, 2013 4:50 PM

    always had a feeling erxl… uhm… russ, was a bad apple

  2. trollhammer20 says: Jan 24, 2013 4:59 PM

    Lucky for me, I invested in Jan Stenerud’s collection of unpublished Marcel Proust works….

  3. goldrush4949 says: Jan 24, 2013 5:06 PM

    who?

  4. sonoco says: Jan 24, 2013 5:15 PM

    Wanna know why New Orleans sucked for so long . . . those clowns drafted this guy 11th overall in 1979 ahead of the likes of Kellen Winslow. LOL!

  5. ttommytom says: Jan 24, 2013 5:26 PM

    I’ve spent the better part of my life hunting down criminals. Inevitably, many conversations occur.

    One thing that is striking: The effort they put into being a criminal, if channeled into the non criminal world, would invariably mean success. The fraudsters, in particular, are usually quite intelligent.

    I think the common denominators are not wanting to be told what to do (having a boss) and desiring to wake up at the crack of noon.

  6. digbysellers says: Jan 24, 2013 5:27 PM

    Give him a cell next to Art the Fart from Indy

  7. doubleogator says: Jan 24, 2013 8:16 PM

    worst draft pick in the history of the NO Saints!!!

  8. thegreatgabbert says: Jan 24, 2013 8:35 PM

    Russ made the mistake of signing the paintings, “Paul Gullible”.

  9. nokoolaidcowboy says: Jan 25, 2013 6:38 AM

    Looks like David Arquette.

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