NFL Star Dwight Freeney -- Feds Bust Financial Advisors for Secretly Jacking Millions

While Indianapolis Colts stud Dwight Freeney was crushing NFL QBs ... 2 financial advisors allegedly sacked him in an embezzlement scheme involving millions of dollars, luxury hotels, and a private jet ... TMZ has learned.

According to the Federal complaint -- obtained by TMZ -- Eva D. Weinberg and Michael A. Stern were busted late last week after a lengthy investigation revealed how they "conspired to defraud victim D.F., a professional football player."

According to the docs, Weinberg is a financial advisor at Bank of America who worked with Freeney, controlled several of his accounts, and introduced him to Stern ... also a financial advisor.

The feds claim Weinberg and Stern did major damage between May 2010 and October 2011 -- making $2.2 million in fraudulent transfers from Dwight's accounts to Arms Reach Consulting -- a company controlled by Stern.

When Freeney finally noticed one of the bogus transfers in 2011, and discovered Weinberg and Stern were dating ... he called the FBI.

One FBI investigator says some of the items Weinberg and Stern purchased with Freeney's cash include expensive sunglasses, stays in luxury hotels, and -- best of all -- they planned to buy a private jet for $1.5 million!

According to the docs, agents even heard Stern brag on the phone ... "no one would be able to connect him to the [consulting] account if the wire transfers were investigated."

Clearly he was wrong ... agents arrested Weinberg in L.A. and Stern in Miami. Both were charged with wire fraud.