Ex-UGA coach Jim Donnan charged in Ponzi scheme - New York News

Ex-UGA coach Jim Donnan charged in Ponzi scheme

By KATE BRUMBACK
Associated Press

ATLANTA (AP) - Federal prosecutors have charged former University of Georgia football coach Jim Donnan and a business partner with operating a Ponzi scheme.

U.S. District Attorney Michael J. Moore in Macon announced the 85-count indictment that was unsealed Tuesday. The indictment says Donnan and Gregory L. Crabtree of Proctorville, Ohio, ran the scheme between 2008 and 2010.

Lawyers for Donnan and Crabtree did not immediately respond to calls and emails seeking comment. They were set to appear in federal court in Macon Tuesday afternoon.

The U.S. Securities and Exchange Commission last year filed a complaint against Donnan in federal court in Atlanta. It said Donnan used his influence to get high-profile college coaches and former players to invest $80 million into a pyramid scheme. That case is still pending.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  • Local NewsLocal NewsMore>>

  • Hope's Land of Candy

    Hope's Land of Candy

    Monday, September 1 2014 8:13 PM EDT2014-09-02 00:13:34 GMT
    Step through the doors of Hope's Land of Candy in Island Park, Long Island and you''ll be taking a trip back in time. There's no WIFI but they do have a Victrola piano. And then there's the candy.. lots and lots of it.
    Step through the doors of Hope's Land of Candy in Island Park, Long Island and you''ll be taking a trip back in time. There's no WIFI but they do have a Victrola piano. And then there's the candy.. lots and lots of it.
  • Subway bedbug infestations on the rise

    Subway bedbug infestations on the rise

    Monday, September 1 2014 6:48 PM EDT2014-09-01 22:48:09 GMT
    It appears the subway bedbug problem we've been reporting is getting worse. Commuters already have to contend with sweltering platforms, scurrying rats and packed train cars, and now there's another transit woe: fear of bedbugs.
    It appears the subway bedbug problem we've been reporting is getting worse. Commuters already have to contend with sweltering platforms, scurrying rats and packed train cars, and now there's another transit woe: fear of bedbugs.
  • West Indian Day Parade steps off amid shootings

    West Indian Day Parade steps off amid shootings

    Monday, September 1 2014 6:05 PM EDT2014-09-01 22:05:47 GMT
    The West Indian Day Parade is supposed to be a time of fun and excitement in celebration of Caribbean culture. However, several shootings near the parade has turned it into a day of tragedy for some.
    The West Indian Day Parade is supposed to be a time of fun and excitement in celebration of Caribbean culture. However, several shootings near the parade has turned it into a day of tragedy for some.
Powered by WorldNow
Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices