Former Hereford United winger Michael McIndoe has been linked to an investment scheme that collapsed last month.
It appears that McIndoe touted the scheme which promised high returns from large capital investments. Several well-known players reportedly put money into the venture.
Last year 32 year old McIndoe became a director of a business which claimed to have 'exclusive access to nightclubs and private jets'.
Several syndicates were set up and money collected from footballers.
"The scheme was sold to people as a guaranteed-return investment scheme," a 'source' told the Daily Mail.
"I personally know 20 players who have put money in. You got 20 per cent back each month and could withdraw your initial investment at any time.
"So if you invested £100,000, you got £20,000 back a month and you could get your £100,000 out."
However a football agent told the paper that the scheme was nothing more than greed.
"I’ve heard this guy (McIndoe) has got to walk around with protection. People have been to Scotland to find his family."
McIndoe retired from football last summer after a stint at Coventry. He had been living near Leamington Spa and driving a Bentley. His recent whereabouts are not known according to the paper.
Former Hereford United manager Graham Turner played a part in turning around McIndoe's career eleven years ago. The player had been at Luton but had become involved with drink and drugs. However Turner signed him. Later he moved to Yeovil.
Full story in the Daily Mail.