Former Broncos quarterback John Elway and a business partner invested $15 million in March with hedge-fund manager Sean Mueller, who was charged and arrested this week in an alleged Ponzi scheme, according to court documents. Mueller, 42, of Cherry Hills Village, turned himself in Wednesday morning, a day after being charged with racketeering, securities fraud and theft in a case that cost investors "tens of millions of dollars," authorities said. He is being held at the Van Cise-Simonet Detention Center in Denver on $2 million bond. Elway and business partner Mitchell Pierce said in a motion filed Tuesday that they met with Mueller in Denver on Feb. 22 to discuss an investment with his company, Mueller Capital Management. In March, Elway and Pierce each wire-transferred funds to Mueller to be held in trust until they agreed on where to invest the money, the men said in the filing. Source: The Denver Post
