According to the Denver Post, retired quarterback John Elway and a business partner invested $15 million in March with a hedge-fund manager Sean Muller, who was charged and arrested this week in an alleged Ponzi scheme.

Yahoo! summed up the story nicely:

The Denver Post reported that the two invested $15 million with Sean Mueller in March with the understanding that the money would be placed in a trust until a final decision was made about where it would be invested.

About 65 people had invested $71 million with Mueller over the past decade. Yet in April, Mueller only had $9.5 million, according to a state investigator. He turned himself in to authorities on Wednesday on charges of racketeering, securities fraud and theft, and is being held in prison on $2 million bond.

Elway and his partner have asked that their claim be processed ahead of any other investors’ because their $15 million was supposed to be placed in a trust, not pooled with the money of the rest of the hedge fund. According to an April filing, $12 million of Elway’s money was placed into a Morgan Stanley trust account, as expected. The other $3 million has gone missing.

This is why you don’t invest in anything. Just go to the casinos like I do. That way you know you’re getting screwed right from the start and it’s not a surprise when all of your money disappears.

“You gotta be f***ing kidding me. Another 16 against a 20?”