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PULSE NEWS
Crime

Mohamed Coulibaly, Accused of NFL Fraud, Found Dead in NJ Pool

He built a reputation on numbers going up, and left almost nothing adding up.

Anna Lee, journalistBy Anna Lee
Swimming pool in residential house or hotel
Photo by Scaliger | Dreamstime.com

Mohamed Coulibaly spent the last few weeks of his life at the center of a fraud story that stretched right into NFL locker rooms. The 24-year-old was accused of talking pro athletes into buying pieces of online stores that looked like cash machines but, according to reporters, were mostly smoke. Three former NFL players said they lost more than $1 million between them.

Then, on Friday, July 31, police found Coulibaly dead in a backyard swimming pool at a home in Harrison Township, New Jersey. The people who say he took their money are now left with a pile of questions and nobody around to answer them, as first laid out by reporters covering his death. It is the kind of ending that ties a case in a knot before it ever gets untangled.

Police Found Him During a Welfare Check

Officers did not stumble onto the scene by accident. Coulibaly's own family called authorities and asked them to check on him because they were worried about his well-being, according to police. When officers arrived at the Harrison Township home in Gloucester County, they found his body in the pool.

The Gloucester County Prosecutor's Office is leading the case and has not released a cause of death. Investigators are still piecing together the circumstances, and no official ruling has come out yet. What we know for certain is short: a young man at the center of a money story was pulled from a swimming pool, and the people in charge have not said how he got there. That silence is doing a lot of the talking right now.

The Money Trail Ran Through Fake Online Stores

The whole thing blew up about two weeks before his death, when Barron's published an investigation naming Coulibaly as the organizer of the operation. The pitch was simple and slick. He offered athletes ownership stakes in online storefronts built on Shopify, the same platform millions of real businesses use every day. That familiar setup gave the entire idea a coat of legitimacy, as one report pointed out.

Here is where it worked on people. Investors could log into the back end of these stores and watch the sales roll in. The shops looked like they were doing steady, healthy business, month after month. On paper, buying a slice looked like an easy win, the kind of side money that sells itself. If you were an athlete with cash to park and a friend vouching for the guy, it is not hard to see why the numbers were convincing. That was the whole point.

One Player Handed Over His Entire $500,000 Savings

Former New York Giants linebacker Tae Crowder is the one victim who put his name and face on the story. He met Coulibaly through a mutual friend, and the trust built fast. "We was just, every day, talking about different investments and different things we could possibly get into," Crowder said.

Part of what put him at ease was the crowd around Coulibaly. "I saw him hanging out with a bunch of different guys that I know, which you know made me feel comfortable," Crowder said. So he went all in. He put his entire life savings, $500,000, into one of the stores, according to the reporting. His promised payout never showed up. Weeks turned into months, and every time he asked, there was a fresh reason the money was not there yet. That is a brutal thing to watch happen to your own bank account in real time.

The Sales Numbers Were Typed In by Hand

This is the piece that turned a good-looking investment into an alleged con. Jacob Adelman, the Barron's reporter who broke the story, said the sales logs athletes were reviewing were not real transactions at all. Somebody with access to the back end of the stores was manually typing the numbers in.

"The purpose of this was to make these athletes think that they had these successful investments in these shops," Adelman explained. Crowder said he watched the totals climb every time he checked. "I feel like the more I told him about that, like, as many times I kept logging in, the number started going up," he said, per the coverage. He thought he was watching his money grow. Investigators say he was watching a spreadsheet get edited by hand. It is a small detail with a huge sting, because it means the more attention a player paid, the more convinced he got.

Coulibaly Denied It All

Coulibaly did not stay quiet while he was alive. He pushed back on the Barron's story directly and firmly. "I strongly dispute a number of the factual assertions and characterizations contained in the Barron's article and any follow-up reporting that relies upon them," he said in a statement reported by one outlet.

His explanation for the missing money was that it was tied up in a business acquisition that had not closed yet. In plain terms, the payouts were supposedly coming once a bigger deal went through. That deal, at least publicly, never happened, and the players kept getting a different excuse each time they asked. He presented himself in business and social circles as a successful young operator, which is exactly the image that made the pitch land. Whether the acquisition story was real or just another stall is one more thing his death left unanswered.

A Rapper's Name Turned Up in the Pitch

The people Coulibaly courted were not limited to football. Investment materials that reporters got their hands on listed rapper YG among the supposed clients inside the pitch deck. Dropping a famous name like that into a presentation is an old trick, because it makes an operation look bigger and more trusted than it might actually be.

But the documents did not prove YG actually put in money, lost anything, or even knew his name was sitting inside that presentation, as reporters were careful to note. Police have described the death as worth a closer look given the accusations, but that YG connection remains the only direct thread tying the case to the music world. It may have been nothing more than a name borrowed to sweeten the room. Two of the three NFL players who say they lost money have not been publicly identified either, so the full guest list on this thing is still murky.

No Charges Were Ever Filed

Here is the frustrating part for everyone who says they got burned. Coulibaly was never charged with a crime. There was an investigation, there were public accusations, and there was a detailed magazine story, but no indictment ever came down before he died. He denied wrongdoing right up to the end.

That leaves his accusers in a strange, empty spot. There is no trial to sit through, no defendant to face in a courtroom, and no clear road to getting their savings back. "I don't want anybody else to get involved in anything like this, and whoever has got involved, I just want to come together and make it right," Crowder said, according to the report. For now, the players are hoping the death investigation brings some kind of resolution to a case that lost its main figure before it ever reached a judge. A guy who built his reputation on numbers going up left behind a story where almost nothing adds up.

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