High School Football Coach Arrested On Wire Fraud Charges

Reed Kyle Diehl of Coto de Caza,California was arrested last Tuesday after a complaint was filed in US District Court in Santa Ana charging him with wire fraud. The charge arises from an alleged offer to secure a $24 million line of credit for a developer who was planning to build a resort project in Mexico. The complaint alleges that the developer was required to deposit $2.5 million in a designated account for collateral, but that Diehl withdrew the money, used it to pay off others who had invested with him and never obtained a line of credit. Diehl is also being investigated in connection with a number of earlier schemes dating back several years.

The DOJ Press Release describes Diehl as a former Tennessee Titan but according to the KNBC Los Angeles story he was signed as an undrafted free agent in 2001 and released before the season started; he played football at University of California and is currently a high school football coach in Santa Ana. Could this be the first confirmed instance of Titans’ owner Bud Adams exercising good judgment?