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Ex-NFL players pursue losses after fraudster's death

ESPN NFL •
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Multiple former NFL players and others say they will continue trying to recoup their losses -- in some cases more than $1 million -- after the death of Mohamed Coulibaly, 23, who ran Motion Venture and was found dead July 31. Tae Crowder, a former Giants linebacker, told ESPN he lost at least $500,000 -- effectively wiping him out. The allegations were laid out in a Feb. 23 complaint to the SEC, filed by Barry Minkow, who said he was hired by three Coulibaly investors. The complaint alleged Coulibaly used investor money for Shopify e-commerce stores, promising a buyout from Middle Eastern venture partners who said they never heard of him.\n\nCrowder, ex-NFL running back Matt Breida, and a third former player who spoke anonymously said they initially invested in Shopify stores and received some returns they reinvested, then put more into a pooled escrow deal.

None received money back despite contractual guarantees. All three said Coulibaly repeatedly cited bank delays. Crowder said he invested despite concerns from his financial adviser because the pitch deck listed notable names, including Philadelphia Eagles, Seahawks GM John Schneider, and former GM Steve Keim.\n\nKeim said he worked with Coulibaly and promoted the company to friends and family because he believed in it, but took a seven-figure loss himself.

He said Coulibaly used him to legitimize the business and that he eventually questioned if it was legitimate. With Coulibaly's death, it's unclear if investors can reclaim their money, but they say they will press forward. Crowder's attorney noted claims could be filed against Coulibaly's estate.