Combs, who is 49 and from Gretna, turned himself in to Lancaster County authorities.
Combs is accused of using his power of attorney to take $363,000 from the two women, ages 88 and 92, both of Lincoln.
Lincoln police accuse Combs of robbing 88-year-old Beverly Mosher, a widow and longtime University of Nebraska-Lincoln employee with dementia. According to police, Combs used Mosher’s checking account between September of last year until early this year to buy cars, pay off a car loan and credit cards as well as buy carpet for a lake house and brick work for an outbuilding at his home.
Combs also took money from Mosher to give gifts of $150,000 and $100,000 to two friends, according to police.
Earlier this year, investigators succeeded in freezing a transfer of $1.75 million from Mosher’s account to Combs.
Mosher died in June. Her husband died in October.
Combs is also accused of opening an account in the name of a 92-year-old woman who was a friend of Mosher. The woman told authorities she had never authorized him to do that.
Combs has been the Memorial Stadium public-address announcer for Husker football since 2002.
He has an extensive background in broadcasting, most recently in sales for Digity, a radio company. Combs also hosted a talk show in Lincoln. He ran unsuccessfully for Congress in 1994.
The University of Nebraska issued a statement:
Mr. Combs’ annual letter of agreement with the University of Nebraska Athletics Department expired on August 1. Under the circumstances, we will not consider renewing the agreement until all legal issues are resolved.