Former New York Giant Pleads Guilty to Fraud
The United States Attorney for the Southern District of New York announced yesterday that Clyde “Peter” Hall –who was a member of the New York Giants in the 1960’s- plead guilty yesterday to one count of conspiring to commit wire fraud and five counts of substantive wire fraud. Hall in exchange for a "refundable" prepaid fee allegedly promised to provide his victims various bank instruments worth hundreds of millions that they could use to obtain loans or fund lucrative investments. Hall allegedly delivered fake bank instruments or did not deliver any bank instruments at all to his alleged victims. Hall –age 70- faces up to 20 years on each count for a total possible federal prison sentence of 120 years. He also faces a fine on each count of $250,000 or twice the gross gain or loss derived from each offense. Hall is scheduled to be sentenced August 7, 2009 at 10:00 a.m.
