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Former NFL kicker Erxleben charged with fraud

Former NFL kicker Erxleben charged with fraud

AUSTIN, Texas (AP) Former Texas All-American and NFL kicker and punter Russell Erxleben, who previously served a federal prison sentence for securities fraud, was arrested Thursday on new charges of running an illegal Ponzi investment scam that netted more than $2 million.

According to a federal indictment, the 56-year-old Erxleben scammed investors from 2005 to 2009 with fraudulent deals that promoted dealing in post-World War I German government bonds and a work of art purportedly by French painter Paul Gauguin.

According to the indictment, Erxleben used the investments to pay himself and previous investors. Erxleben was indicted on five counts of wire fraud, one count of securities fraud and two counts of money laundering. He faces up to 20 years in prison on each of the wire and securities fraud charges, and up to 10 years on the money laundering charge.

U.S. Magistrate Judge Mark Lane ordered Erxleben held in custody until his next court appearance Jan. 28. Erxleben requested a court-appointed attorney but told the court he may also seek to hire private counsel.

Erxleben was sentenced in 1999 to seven years in federal prison for an investment scam that robbed investors of $36 million. The latest indictment said Erxleben did not disclose that conviction or the fact his still owed $28 million in restitution, to his later investors.

Erxleben still holds the record for the longest field goal in UT history - 67 yards - in 1977, a mark that also stands as an NCAA record Erxleben shares with two others. He was a first-round draft pick by the New Orleans Saints in 1979.

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Alex Ovechkin takes home ESPY for Best Male Athlete Award

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Alex Ovechkin takes home ESPY for Best Male Athlete Award

Alexander Ovechkin's offseason continues to be one for the books. 

Just a week removed from celebrating with the Stanley Cup in Moscow, Ovechkin was named Best Male Athlete Wednesday night at the 2018 ESPYs. 

The 32-year-old is the first NHL player to win the award since it was first introduced in 1993. 

"The Great Eight" beat out Jose Altuve of the Houston Astros, James Harden of the Houston Rockets and Tom Brady of the New England Patriots. 

Ovechkin was not in Los Angeles to accept the award.

 

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Redskins ranked as the fourth most valuable NFL franchise by Forbes

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Redskins ranked as the fourth most valuable NFL franchise by Forbes

Annually, Forbes releases the worth of all professional sports franchises in the world. Once again, the Washington Redskins are sitting near the top. 

This year the Redskins are ranked the fourth most valuable NFL franchise at $3.1 billion. 

That marks a five percent worth increase from a year ago. They leapfrogged the San Francisco 49ers for a spot in the top four after placing fifth in 2017. They still trail the Dallas Cowboys ($4.8 billion), the New England Patriots ($3.7 billion), and the New York Giants ($3.3 billion).

Compared to other leagues and franchises, the Redskins jumped into the top-10. They are tied for the tenth overall value with the Golden State Warriors who are coming off of their third NBA title in four years.

From year-to-year there is never much movement from the top of the ranking. Once again, the Cowboys are the top team in the world by over $600 million. They were followed by three European soccer teams. In total four NFL teams made up the top-10, the most of any sport. 

2018 Top-10 World’s Most Valuable Sports Teams according to Forbes:

1. Dallas Cowboys, $4.8 billion (NFL)

2. Manchester United, $4.123 billion ( Soccer)

3. Real Madrid, $4.09 billion (Soccer)

4. Barcelona, $4.064 billion (Soccer)

5. New York Yankees, $4 billion (MLB)

6. New England Patriots, $3.7 billion (NFL)

7. New York Knicks, $3.6 billion (NBA)

8. Los Angeles Lakers, $3.3 billion (NBA)

8. New York Giants, $3.3 billion (NFL)

T-10. Golden State Warriors, $3.1 billion (NBA)

T-10. Washington Redskins, $3.1 billion (NFL)

Next five NFL franchises:

13. San Francisco 49ers, $3.05 billion

T-14. Los Angeles Rams, $3 billion 

17. Chicago Bears, $2.85 billion 

T-19. Houston Texans, $2.8 billion

21. New York Jets, $2.75 billion

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