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An alleged Ponzi scheme ensnared many NFL figures. A former GM’s role in it is disputed

Former players who lost money in an alleged scam say ex-Cardinals GM Steve Keim's involvement helped convince them it was legitimate.

Published: Wednesday, 30 September 2026 at 9:00 AM
An alleged Ponzi scheme ensnared many NFL figures. A former GM’s role in it is disputed
Key Things to Know
  • Former NFL figures were ensnared in an alleged Ponzi scheme, with former GM Steve Keim's role disputed.
  • Motion Venture founder Mohamed Coulibaly died by suicide in July 2026 amid ongoing federal investigations.
  • Keim claims he was an unwitting victim who lost over $700,000, but other investors argue he actively recruited clients.
The Story in 60 Seconds

Former Arizona Cardinals general manager Steve Keim faces scrutiny over his disputed role in Motion Venture, an alleged e-commerce Ponzi scheme that ensnared numerous current and former NFL figures. The company was founded by Mohamed Coulibaly, who died by suicide in July 2026 amid federal investigations. While Keim maintains he was merely another deceived victim who lost over $700,000, several investors allege he actively recruited others and lent the operation false credibility.

Documents show Keim served as an active partner and received a $500,000 wire return from Coulibaly in December 2025. Numerous athletes, including former NFL linebacker Tae Crowder and retired running back Matt Breida, suffered substantial financial losses. Federal investigators from the SEC and FBI began probing the operation following a whistleblower report, leaving victimized investors trying to recover their funds.

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