Not for posing as a CB, but running a Ponzi scheme. What a dumbass. The Feds do not take these schemes lightly after the financial crisis. http://www.reuters.com/article/2015/04/07/us-nfl-fraud-allen-idUSKBN0MY1MU20150407
Based off the short details, it may not have been started with the intention of being a ponzi scheme at least. Not sure that makes it any better, but what a dumbass indeed.
I was looking into the possibility of running a Fonzi scheme, but there's just not enough quirky jukeboxes left to make it profitable...