Former NFL Player And High School Coach Arrested For Wire Fraud

A former player with the Tennessee Titans was arrested this morning for allegedly defrauding at least one victim by falsely promising to secure funding for a construction project in Mexico and spending the victim’s “deposit.”

Reed Kyle Diehl, 29, of Coto de Caza, was arrested without incident this morning by special agents of the Federal Bureau of Investigation. The arrest was pursuant to a complaint filed yesterday in United States District Court in Santa Ana that charges Diehl with wire fraud in connection with an offer to secure a line of credit.

According to the affidavit in support of the complaint, Diehl told the victim, an out-of-state housing developer, that he could secure a $24 million line of credit if the victim deposited $2.5 million into a designated account at HSBC. Diehl promised the victim that the $2.5 million deposit would be used as collateral for the line of credit and would remain in the designated account. Diehl allegedly withdrew all of the victim’s money and used the fund to pay, among others things, other people who had made investments with Diehl. No line of credit was ever obtained.

Diehl was arrested this morning at his residence. He is expected to make his initial court appearance this afternoon in United States District Court in Santa Ana.

A criminal complaint contains allegations that a defendant has committed a crime. Every defendant is presumed innocent until and unless proven guilty.

Wire fraud carries a statutory maximum penalty of 20 years in federal prison.

The investigation into Diehl was conducted by the Federal Bureau of Investigation.

CONTACT: Assistant United States Attorney Douglas F. McCormick

(714) 338-3541

Assistant United States Attorney Gregory W. Staples

(714) 338-3535

Release No. 08-027

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