The other suspect, 18-year-old Taylor Jamie Chan, allegedly acted as Love's financial advisor.
According to authorities, Love created an Instagram account portraying himself as a 49ers wide receiver who joined the team as an undrafted free agent and worked his way onto the roster. He then used the fake persona to meet women on dating apps, develop romantic relationships with them, and, with Chan, convince them to hand over money.
The two allegedly persuaded several women to take out personal loans, telling them the money would be quickly repaid. The scheme, which involved fictitious investment opportunities, dates back to 2022 and allegedly defrauded women in California, Oregon, Washington, and Idaho. The FBI believes there are "many more" victims who have yet to be identified.
"The scheme relied on Love's creation of fictitious personas and display of a lavish lifestyle which Love presented to victims both in person and on social media websites," federal authorities said in a press release, per the Los Angeles Times.
"Chan and Love also hosted three-way FaceTime calls in which they showed victims falsified investment gains and encouraged victims to part with their money. Victims sent Love and Chan money due to their belief that their money would be invested in legitimate investment vehicles on the victims' behalf."
Love's Instagram bio reads, "NFL Wide Receiver @49ers #undrafted Trust god." Most of the photos on the account show Love wearing 49ers gear, with some showing him alongside exotic cars.
Love and Chan were taken into custody Monday, August 24, at the Boise Airport in Idaho, where Love was reportedly scheduled to meet additional victims. The two were scheduled to appear in court in Portland on Thursday.
Related News
Nobody's perfect. Did you find a mistake in this article? Report it.
More San Francisco 49ers News
-
49ers-Rams game in Melbourne averaged 18.5 million U.S. viewers on Netflix
The San Francisco 49ers and Los Angeles Rams made NFL history last week, playing the first regular-season NFL game in Australia. The 49ers defeated the Rams 27-7 at the Melbourne Cricket Ground, with Los Angeles serving as the designated home team. The historic matchup drew a... -
49ers rookie De'Zhaun Stribling out about 10 weeks, Jake Tonges out for season
San Francisco 49ers head coach Kyle Shanahan spoke to reporters ahead of Wednesday's practice as the team prepares for its Week 2 matchup against the Miami Dolphins. The 49ers will place rookie wide receiver De'Zhaun Stribling on injured reserve after he suffered an ankle... -
49ers teammate on Fred Warner: 'Best football player I've ever been on the field with'
San Francisco 49ers linebacker Fred Warner showed no lingering effects from the ankle injury that limited him to just six games last season. The All-Pro defender was his usual dominant self in the 49ers' 27-7 Week 1 win over the Los Angeles Rams in Melbourne, Australia. Warner... -
49ers work out five players ahead of Week 2 matchup vs. Dolphins
The San Francisco 49ers worked out five players this week as they begin preparations for their Week 2 matchup against the Miami Dolphins at Levi's Stadium. According to the NFL transaction report, the following players worked out for the 49ers: TE Lawrence Cager TE Tanner...