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Former Texas Kicker Erxleben Charged With Fraud

Updated: Thursday, January 24 2013, 01:17 PM CST

AUSTIN, Texas (AP) -- Federal authorities say former Texas and NFL kicker Russell Erxleben has been arrested and charged with running an illegal investment scheme that raised more than $2 million.
 
Erxleben's arrest was announced Thursday by the U.S. Attorney's office in Austin. Erxleben is to appear before a federal magistrate judge Thursday afternoon.
 
The 56-year-old Erxleben faces several counts of wire fraud, securities fraud and money laundering from 2005 to 2009. According to the indictment, Erxleben lured investors into fraudulent ventures dealing in post-WW I German government bonds and the paintings of French artist Paul Gauguin.
 
Erxleben was sentenced in 1999 to federal prison for running an investment scam that robbed investors of $36 million.
 
He holds the record for the longest field goal in UT history -- 67 yards -- in 1978.

(Copyright 2013 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)Former Texas Kicker Erxleben Charged With Fraud


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