49ers Kicker David Akers Lost $3.7 Million in Ponzi Scheme

Harsh.

↵

David Akers, probably starting kicker of the San Francisco 49ers and recent signee, is out just short of four million of his precious dollars. According to the Austin Statesmen, Akers testified on Tuesday that he lost $3.7 million in an alleged Ponzi scheme. That's a pretty big chunk of change for a kicker in the NFL, even one of the best in the league for most of his career. That isn't to say that Akers is in danger of sleeping in refrigerator boxes any time soon, but that's a lot of swollen toes, that $3.7 million.

↵

Akers was investing with Austin's Triton Financial, and it's CEO, Kurt Barton. He called Barton a friend, and expressed that his family's well-being was on the line when he made his investments. Barton's defense team claims that there's nothing going on in the alleged scheme, which amounts to around $50 million in assessed damages.

↵

All I know is that ... Akers is lucky that kickers can generally play for a long time. If he doesn't get any money back, he'll still probably be in Pro Bowl form for a couple more seasons, the 49ers are lucky to have him. Perhaps they shouldn't get any investing tips in regards to the new Santa Clara Stadium from him, though.

↵

Trending Discussions

X
Log In Sign Up

forgot?
Log In Sign Up

Forgot password?

We'll email you a reset link.

If you signed up using a 3rd party account like Facebook or Twitter, please login with it instead.

Forgot password?

Try another email?

Almost done,

By becoming a registered user, you are also agreeing to our Terms and confirming that you have read our Privacy Policy.

Join SB Nation Bay Area

You must be a member of SB Nation Bay Area to participate.

We have our own Community Guidelines at SB Nation Bay Area. You should read them.

Join SB Nation Bay Area

You must be a member of SB Nation Bay Area to participate.

We have our own Community Guidelines at SB Nation Bay Area. You should read them.

Spinner.vc97ec6e

Authenticating

Great!

Choose an available username to complete sign up.

In order to provide our users with a better overall experience, we ask for more information from Facebook when using it to login so that we can learn more about our audience and provide you with the best possible experience. We do not store specific user data and the sharing of it is not required to login with Facebook.