The Town striker published his statement on the Ipswich Town website.
In it he says that he will not contest the charges as he cannot afford the legal fees which are estimated to be at least £50,000.
The striker says he has extensive loans and cannot afford the money needed to clear his name.
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UKIP have made further gains in the local elections in the Anglia region and the Conservatives have won back control in Peterborough.
Hundreds of council workers have gathered in sports centres and town halls across the region to count the votes in the 2016 local elections.