Danny Woodhead, Jordan Norwood among four players allegedly defrauded by Ohio man
An Ohio man was charged Wednesday with wire fraud and money laundering after allegedly defrauding four NFL players out of hundreds of thousands of dollars in a horse racing enterprise.
According to Eric Heisig of the Cleveland Plain-Dealer, San Diego Chargers running back Danny Woodhead, Denver Broncos wide receiver Jordan Norwood and former Cleveland Browns receiver Chansi Stuckey and punter Reggie Hodges lost a combined $308,805 after investing with Jonathan Pippin in race horses.
Pippin allegedly used the money for personal matters, including visits to strip clubs, gambling and the purchase of a Cadillac Escalade.
The horse racing business the players believed they were investing in didn’t actually exist. Instead, Pippin kept the money for himself before being arrested in December.