Ex athletes' adviser pleads guilty to $3M fraud

OMAHA, Neb. (AP) - September 29, 2010 -- A former financial adviser to Michael Vick and several NFL players has pleaded guilty to stealing more than $3 million from the players in a Ponzi scheme.

U.S. Attorney Deborah Gilg said Mary Wong of Omaha pleaded guilty to securities fraud on Monday. She was charged last summer.

Prosecutors say Wong worked out of her Omaha home and purported to sell investments in luxury properties in Arizona, Tennessee and Michigan along with private jets and other investments. Prosecutors say many of the investments Wong offered never existed.

Instead Wong used the money she raised from investors to support her other businesses and a lavish lifestyle.

Wong is scheduled to be sentenced on Dec. 20. She faces up to 20 years in prison and a fine of up to $1 million.

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