Former UT star Erxleben continues to ‘Break Bad’

ID-100128578Anybody else remember University of Texas football star Russell Erxleben? I used to love watching him on TV when I was a kid. He was an amazing kicker. Lately he’s more infamous than famous, having been sentenced to prison in 2000 for a fraudulent currency scheme. Talk about Breaking Bad.

According to a report from the Texas State Securities Board, a judge just ruled that Erxleben must stay in jail until his upcoming trial on wire fraud, securities fraud, and money laundering charges because of a “serious risk of witness tampering.”

Erxleben allegedly gave an inmate in the Bastrop County Jail detailed personal information about a witness along with instructions on how to intimidate the witness into refusing to testify.

Erxleben’s latest indictment alleges the sale of fraudulent German post-World War I bonds  and alleged sale of interests in a painting he claimed is the work of Paul Gauguin.

Don’t you just love having your childhood memories spoiled?

Update: The Texas State Securities Board announced that on Dec. 18, Erxleben pleaded guilty to wire fraud and money laundering in a Ponzi scheme that raised more than $2 million from investors. The fraud involved the sale of German Government Gold Bearer Bonds and a painting he claimed to be the work of Paul Gauguin. Erxleben will be sentenced to 7 and a half years in prison at a hearing in February under the terms of the agreement.

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