JACKSON (AP) Former NFL football player Jeffrey Walker is going to prison for defrauding investors in four states of more than $2 million in what prosecutors say was a land development scheme involving property in China.
U.S. District Judge Henry T. Wingate – last Tuesday – sentenced Walker to 45 months for wire fraud and 36 months for tax evasion. The sentences will run at the same time. Walker must pay $2.045 million in restitution to investors.
Walker, 48, pleaded guilty in October to wire fraud and tax evasion involving a planned resort in China. Prosecutors said he used investors’ money for personal items including a luxury van and a boat.
Walker, formerly of Madison, now lives in Franklin, Tenn.
He was drafted in 1986 by the San Diego Chargers in 1986 and also played with the New Orleans Saints.
FBI and IRS officials said Walker misrepresented to as many as 30 investors that their money would be used for building estate homes, townhomes and patio homes in China in a project his companies, Charter Resources International and Sterling Group Holdings Inc., supposedly were developing.
Investors in Mississippi, Tennessee, Florida and Arizona made interstate bank wire transfers to one of his companies. One sent a $200,000 check.
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