Man pleads guilty in the economy of $ 71,000,000 Elway dive

Denver (AP) A man of cheating dozens of investors, including former quarterback John Elway Denver Broncos in a Ponzi scheme of U.S. $ 71 million defendants pleaded guilty Monday to the amount of theft, fraud and securities of the offense against Colorado law extortion .
In exchange for Sean Michael Mller plea, prosecutors agreed to deal with a charge of 36 Bettis Black Jersey
theft and not drop more than 40 years in prison. In court, said prosecutor Jose Morales, the agreement between the parties, the return, if also said outside the court, Morales, that the amount of money has not yet been determined. Authorities say 65 people have invested 71 million U.S. dollars in business over 10 years, but in April was $ 9,500,000 in assets and $ 45,000,000 in debt. Mueller said Morales falsely earn between $ 50 and $ 70,000,000 in investments.
Mueller, 42, appeared in a prison uniform and handcuffs and orange answered guilty, your honor, when asked by the Denver District Judge Martin F. Egelhoff how he pleaded to each count. Egelhoff ordered an earlier investigation to determine that trash is set. A sentencing was scheduled for 6 December planned. Morales testified in court that Mueller may be entitled to parole, but prosecutors will seek a prison sentence.
It is a crime big enough and it's a good sacrifice, said Morales.
Prosecutors said Mueller sent false monthly statements provided to investors and brokerage accounts with false statements that a constant power. Instead of investing the money, prosecutors say, Mueller has bought three houses, several luxury cars, spent join an exclusive club of countries and money for daily expenses. Controlled Mueller Capital Management LLC, which was reviewed by the supervisory authorities in April after an employee M眉ller in a note to investors that his funds had lost money since the beginning reveals seized. Then threatened from a parking garage directly in front of 10 Santonio Holmes White jersey
police intervened Greenwood Village.
The confusion was finally won his fight against me, and I feel that there are no good options left, Mueller wrote in an e-mail 22 April. I always thought I could do it again, but that will not happen.Outside court, said attorney Richard Kornfeld Mueller's complaint was a way to connect miller remorse for their victims.
This message began in April when he was up in the parking lot, said Kornfeld. And through its agreement follows this message. Hes accept responsibility.Colorado Securities Commissioner Fred Joseph said investigators found that investors know the miller has a network of car dealers do not recruited.
Elway came into the automotive industry in 1989 as a quarterback for the Denver Broncos. He sold his five dealerships in Fort Lauderdale, Florida, AutoNation Inc. in 1997 from $ 82,500,000 in a license agreement and action on all the company name. This arrangement ended in 2006.
In court records, Elway told the court that he was a 10 Santonio Holmes black jersey
partner with Mueller $ 15,000,000 in March. Elway last month asked the judge miller civil action to bring their claims before other investors, so that they can withdraw their money first. Mueller said he decided to keep the money in trust until he remembered where you invest.