Ex-New England Patriots cornerback Will Allen has been indicted, along with his accomplice, a former bank executive, for wire fraud, conspiracy to commit wire fraud, identity theft and money laundering.

Allen and Susan Daub of Florida were arrested last month after their Massachusetts-based company Capital Financial Partners was discovered to be a Ponzi scheme, using money raised from new investors to pay back investments made by earlier investors, targeting professional athletes in particular.

The charges of wire fraud and conspiracy to commit wire fraud provides for sentences of no greater than 20 years in prison and up to three years of supervised release.

The charge of identity theft provides for a sentence of two years in prison and up to one year of supervised release. The charge of money laundering provides for a sentence of no greater than 10 years in prison and up to three years of supervised release. Allen and Daub also may be fined of up to $250,000 or twice the gross gain or loss caused by offense, whichever is greater, on each of the counts.

Allen signed a one-year deal with the Patriots in March of 2012, but was placed on injured reserve before the regular season began.