Sixteen current and former NFL players are suing BB&T in Florida for allowing a former financial advisor to use $53 million of their money to open fraudulent bank accounts, according to court papers.

The players include Ray Lewis, the retired Baltimore Ravens middle linebacker who played on the Super Bowl championship team last February, and Jevon Kearse, the former Tennessee Titans and Philadelphia Eagles defensive end who topped the list of losses with $8 million.

The players allege that disgraced former financial advisor Jeff Rubin and his former firm, Pro Sports Financial, opened bank accounts under the players’ names using fraudulent signatures. The arrangement was facilitated because of the relationship between Rubin and the bank, the court papers allege.

Much of the football players' money that was deposited in the accounts was subsequently used for an Alabama casino and bingo resort proposal known as Country Crossing without the players' knowledge, the suit says. The gambling resort, which Rubin held a part interest in, was declared illegal under Alabama law and the project failed.

Rubin also has been investigated by Finra in another case where he invested clients in the casino resort. He agreed to being barred for life from working with any Finra registered firm without admitting guilt or innocense.

The players filed suit in Federal District Court in the Southern District of Florida against Branch Banking and Trust (BB&T). The alleged breaches of fiduciary duties occurred in 2006 at BankAtlantic, which was acquired by BB&T in 2012.

“This did not happen at BB&T,” says BB&T spokesman David R. White. “Unfortunately, we inherited the responsibility for it when we acquired BankAtlantic. Because this is pending litigation, we cannot comment further.”

The bank should have known the accounts and withdrawals were fraudulent and being done without the football players’ knowledge, the court papers say. No court date has been scheduled for the suit, which demands compensation and punitive damages, says Andrew Kagan, attorney for the players.