Report: Fake IDs Used in $20 Million Fraud Scheme

Federal investigators are examining a scheme involving a former University of Alabama defensive end who allegedly secured approximately $20 million in fraudulent loans. The scheme involved impersonating NFL players using fake IDs and wigs, according to reports.

Michael Penix Jr., quarterback for the Atlanta Falcons, Cleveland Browns tight end David Njoku, and New York Giants safety Xavier McKinney were identified as players whose identities were purportedly used without their knowledge. The alleged perpetrator has not been officially named by authorities.

The ongoing investigation focuses on the details of the fraudulent loan applications and the ultimate destination of the misappropriated funds.