we'll make it work." >> keteyian: doesn't turn out to be all right. >> davis: it's a nightmare. >> keteyian: country crossing eventually went bust. today, all that remains open is a pavilion where electronic bingo has been replaced by old- n.f.l. players $43 million. stars like ray lewis and terrell owens got burned, as did players earning smaller paychecks. >> taylor: a lot of guys had to... their homes were foreclosed on or short sold. some repossessions. a couple of guys have had to take loans that they don't necessarily know how they're going to pay them back. >> keteyian: what would you say to them? >> rubin: i would apologize. i'd want to catch up. >> kn: >> rubin: yeah, absolutely. i'm sorry this happened. it's been a disaster. you know, that was my life. >> keteyian: you know, some of them honestly would like to get their hands around your neck. today, jeff rubin lives in denver, out of the fast lane. he's been barred from serving as an investment adviser by finra, the financial industry regulatory authority, and by the s.e.c., the securities and exchange commission, in the wake of

>> keteyian: away from the n.f.l. limelight, there's mounting concern that young, rich and unsophisticated players in the league are falling often led by the very advisers paid to protect their newfound wealth. tonight, we're going to focus on how one financial adviser ensnared dozens of n.f.l. players in a risky investment that saw them lose tens of millions of dollars, and how the players' own union didn't sound the alarm until it was too late. for the first decade of this century, jeff rubin was one of the most prominent financial advisers in the n.f.l. with clients that included some of the game's biggest stars, until he gambled on a deal that blew up spectacularly. >> fred taylor: jeff was a crook, and jeff is a thief. he's a liar. he's a con. he's deceiving. he's all of those things. >> keteyian: fred taylor was an all-pro running back in the n.f.l. when he was thrown for a loss by his longtime financial adviser, jeff rubin. >> jeff rubin: i'm shocked that fred would say that. shocked. >> keteyian: but that's th

>> rubin: 40-something. >> keteyian: the n.f.l. player the n.f.l., if it has a cardinal sin, gambling is a cardinal sin. >> rubin: yes. >> keteyian: why in the world would you allow your players to st in somethg that h a gambling component to it? rubin: armen, you're completely correct. i me, absolutely. if i can go back in time, i wish i'd never set foot in alabama. >> keteyian: rubin had a 4% ownership stake in count crossing. "60 minutes" has also obtained documents showing 10% of the money rubin raised from players went into pankas holdings, his rs jeff rubinperate needed the money because in apr 2008, the i.r.s. filed a fed tax en against him in the amount of $440,000. onop of that, he was underwater on his illi house. and you're responsible, jeff, for managi other people's money, advising them. and you're in a financial mess. >> rubin: it was a rough time. i mean, the only way i could explain it is, i went over my head on my house, and that was >> keteyian: his biggest mistake electronic bingo was settledn alabama, given the

. >> keteyian: fred taylor was an all-pro running back in the n.f.l. when he was thrown for a loss by his financial advisor. he wasn't alone. dozens of nfl players lost tens of millions of dollars. >> it was a sick feeling, it was >> tonight the "60 minutes" investigation into how one man could trigger so much financial destruction. >> keteyian: is that negligent? >> i don't know. i... i... i have... >> keteyian: well, either it is or it isn't. >> whitaker: they're called social media influencers. mostly 20-somethings who are getting paid millions of dollars to influence their followers on platforms like facebook, instagram and snapchat. they've been viewed billions of times. people like kim kardashian becoming significant forces in advertising. often posting pictures from every day life. you've turned you into an empire worth in excess of $100 million, i've read. >> i would think that has to involve some kind of talent. ( laughs ) you know? >> i'm steve kroft. >> i'm leslie stahl. >> i'm bill whitaker. >> i'm armen keteyian.

. >> keteyian: fred taylor was an all-pro running back in the n.f.l. when he was thrown for a loss by his financial advisor. he wasn't alone. dozens of nfl players lost tens of millions of dollars. >> it was a sick feeling, it was a very sick feeling, very sickfe >> tonight the "60 minutes" investigation into how one man could trigger so much financial destruction. >> keteyian: is that negligent? >> i don't know. i... i... i have... >> keteyian: well, either it is or it isn't. >> whitaker: they're called social media influencers. mostly 20-somethings who are getting paid millions of dollars to influence their followers on platforms like facebook, instagram and snapchat. they've been viewed billions of people like kim kardashian becoming significant forces in advertising. often posting pictures from every day life. you've turned you into an empire worth in excess of $100 million, i've read. >> i would think that has to involve some kind of talent. ( laughs ) you know? >> i'm steve kroft. >> i'm leslie stahl. >> i'm bill whitaker. >> i'm armen keteyian.

. >> pelley: armen keteyian of "60 minutes sports" finds the baylot sex abuse scandal is bigger than we knew. and the making of the presidents. >> i worked on roosevelt and lincoln. >> reporter: roosevelt and lincoln? >> yes. >> reporter: and roosevelt you worked where? with scott pelley. >> pelley: the f.b.i.'s new e- mail investigation had hillary clinton on defense today, but her supporters and closely fought states remain with her in a cbs news poll, 50% of democrats in those states told us that the investigation did not change their minds about voting for her. only 5% said that it did. comey reopened the investigation into whether clinton had mishandled classified information on her personal, unsecured e-mail server. in that original investigation,t some classified material was found, but no charges were filed. now thousands more clinton e- mails have been discovered on a laptop that the f.b.i. didn't know about.t. agents stumbled on it in an unrelated investigation of husband of clinton's top aide, huma abedin. nancy cordes begins our coverage. >> i'm sure a lot of you may be a

. >> pelley: armen keteyian of "60 minutes sports" finds the baylor sex abuse scandal is bigger than we knew. and the making of the presidents. >> i worked on roosevelt and lincoln. >> reporter: roosevelt and lincoln? >> yes. >> reporter: and roosevelt you worked where?

. >> pelley: armen keteyian of "60 minutes sports" finds the baylot sex abuse scandal is bigger than we knew. and the making of the presidents. >> i worked on roosevelt and lincoln. >> reporter: roosevelt and lincoln? >> yes. >> reporter: and roosevelt you worked where?

. >> keteyian: fred taylor was an all-pro running back in the n.f.l. when he was thrown for a loss by his financial advisor. he wasn't alone. dozens of nfl players lost tens of millions of dollars. >> it was a sick feeling, it was

. >> pelley: armen keteyian of "60 minutes sports" finds the baylor sex abuse scandal is bigger than we knew. and the making of the presidents. >> i worked on roosevelt and lincoln. >> reporter: roosevelt and lincoln? >> yes. >> reporter: and roosevelt you worked where?

. >> pelley: armen keteyian of "60 minutes sports" finds the baylor sex abuse scandal is bigger than we knew. and the making of the presidents. >> i worked on roosevelt and lincoln. >> reporter: roosevelt and lincoln? >> yes. >> reporter: and roosevelt you

. >> pelley: armen keteyian of "60 minutes sports" finds the baylor sex abuse scandal is bigger than we knew. and the making of the presidents. >> i worked on roosevelt and lincoln. >> reporter: roosevelt and lincoln? >> yes.

. >> pelley: armen keteyian of "60 minutes sports" finds the baylor sex abuse scandal is bigger than we knew. and the making of the presidents. >> i worked on roosevelt and lincoln. >> reporter: roosevelt and lincoln? >> yes. >> reporter: and roosevelt you

. >> pelley: armen keteyian of "60 minutes sports" finds the baylor sex abuse scandal is bigger than we knew. and the making of the presidents. >> i worked on roosevelt and

. >> pelley: armen keteyian of "60 minutes sports" finds the baylor sex abuse scandal is bigger than we knew. and the making of the presidents. >> i worked on roosevelt and lincoln. >> reporter: roosevelt and lincoln? >> yes. >> reporter: and roosevelt you worked where? >>

. >> keteyian: fred taylor was an all-pro running back in the n.f.l.n he was thrown for a loss by his financial advisor. he wasn't alone. dozens of nfl players lost tens of millions of dollars. >> it was si

armen keteyian has been investigating since may. he talked with top administrators. good morning. >> reporter: good morning. our variationinvestigation reve raymond ramsslaur offer crossed with crawford. police results including one for a baylor student who claimed she was gang raped. the gang raped encloses armstead and chapman in 2013. baylor university was contacted about the charges. reagan said the baylor campus police department he oversees had a history of bearing sexual assault complaints that came t >> here it is. >> reporter: you'll notice here, baylor university was contacted as part and parcel to the investigation of this incident report. nothing ever happened for well over a year. i'm just wondering what happened there? was there an investigation and, if not, why not? you have a police report. >> there was a police report. i suppose it stayed with the police department. it never came out of the police a significant failure to respond by our police department. there is no doubt about it. >> reporter: the victim blaming would be one answer. the other answe