Woman pretended to be financial advisor to defraud pro athletes, prosecutors say
HOUSTON – A woman pretended to be a financial advisor in order to steal millions of dollars from at least four professional athletes, according to federal prosecutors.
In an eight-count indictment unsealed Friday, Peggy Ann Fulford, 58, formerly of Houston, was charged with wire fraud, mail fraud, interstate transportation of stolen property and money laundering. She was arrested in New Orleans, where she now lives.
According to prosecutors, Fulford, who was known by at least seven aliases, told her victims that she was a Harvard-educated financial advisor and money manager, and could manage their money and make investments on their behalf.
Prosecutors said Fulford convinced her victims to trust her with their bank accounts by claiming to have made millions on Wall Street and in real estate in the Bahamas.
Once she had access to the money, Fulford paid her own bills and used it to buy luxury cars, real estate, jewelry and airline tickets, prosecutors said.
Fulford would also send her victims documents regarding the closing of real estate sales in Houston, prosecutors said.
Among her victims was former NFL player Ricky Williams, prosecutors said.
Prosecutors said Fulford’s aliases included: Peggy King, Peggy Williams, Peggy Simpson, Peggy Rivers, Peggy Barard, Devon Cole and Devon Barrard.
If convicted, Fulford faces up to 30 years in prison.