By Trey Wallace and Oliver Connolly

The nine University of Florida Football players who are facing allegations of having misused school funds, could be issued “Notice’s to appear” as early as the end of this week on charges of Felony Grand theft & Fraudelent use of Credit Cards, sources have told The Read Optional.

Antonio Callaway, Jordan Smith, and one other player are likely to be arrested on charges of felony grand theft, with the possibility of further misdemeanour charges being tagged on, according to a lawyer representing one of the players. It’s anticipated that the other six players will also be arrested, but only three players have hired legal counsel thus far.

The investigation began back in mid-August when seven players were suspended indefinitely from team activities for purchasing electronic items with their school debit cards that were loaded with funds from stolen credit card info then selling them for cash, then claiming the cards as stolen, sources have confirmed to The Read Optional.

Sources also confirm that all the money for the debit card scheme has been paid back in full, some even in cash. It remains unclear how much was paid, or who paid it — whether the players each paid the individual amount they took, or whether the total was divided between all the players.

Two weeks ago, the investigation uncovered another pair of players — Jordan Scarlett and Rick Wells — after the school discovered that the money returned by the original seven did not match the total of missing funds. Scarlett and Wells were suspended immediately and indefinitely from team activities, joining the original seven in missing Florida’s opening two games of the season.

This morning, we reported that several individuals were also being investigated in a separate credit card fraud case being run in conjunction by the Gainesville Police Department and the University of Florida Police Department.

Both police departments uncovered the stolen credit card details from the same victim while operating its own individual investigations — the GPD into Jordan Smith paying his rent with stolen credit card details; and the UFPD into the student debit card scheme, an investigation that broadened over time.

The investigation into the stolen credit card information is ongoing, with other individuals to be interviewed on Wednesday.

Charges for the misuse of school funds (again, a separate investigation) are expected to be filed later this week, next week at the latest.

It is anticipated that all players will be charged, while Jordan Smith is still under investigation by the GPD for credit card fraud in a seperate incident. It has now come to light that all 9 players are facing felony credit card fraud charges that have been recommend by the UPD.