Ex-UGA coach Jim Donnan charged in Ponzi scheme

[matrosscbc]

Ex-UGA coach Jim Donnan charged in Ponzi scheme | www.ajc.com

 

[TennesseeOrange]

85 Count indictment, wow.

 

[allvol123]

Man I miss that guy.

 

[9296potsguy]

He's been screwed over by a second SEC this time.

 

[RollinVol]

He's been screwed over by a second SEC this time.

This one is going to be more like a reaming

 

[MyBloodRunnethOrange]

I wish he was still at UGA
Posted via VolNation Mobile

 

[supersmo18]

I was just about to post this.

Once a dirty dawg, always a dirty dawg. 85 counts is, well... wow. :no:

 

[bluetickhound16]

I thought all this happened over a year ago.... They're just now getting around to charging him??!?

 

[W.TN.Orange Blood]

I thought all this happened over a year ago.... They're just now getting around to charging him??!?

hmy: I thought he had left the country by now?

 

[utvolpj]

hmy: I thought he had left the country by now?

look at UGA's OOC schedule while he was coach. It's unlikely he knows how to leave the south

 

[UGADawg4Life]

Man I miss that guy.

Not I. This is his 2nd worst scam!

 

[VolsNSkinsFan]

Jury finds Donnan not guilty on fraud charges | Online Athens

Wow Not Guilty on 41 counts

The jury of five men and seven women started deliberations Wednesday to determine Donnan’s innocence on multiple charges of wire fraud, mail fraud, money laundering and related crimes in connection with a failed West Virginia company called Global Liquidation Center, or GLC Ltd.

Investors recruited by Donnan, including family and friends, thought they were buying into a company capable of earning big profits from the resell of surplus and salvage merchandise. Instead, sales were relatively small and money from later investors was used to pay earlier investors ‑ a Ponzi scheme, say federal prosecutors.

 

[davethevol]

Sounds like he got involved with scammers and didn't realize it. He didn't go bankrupt by ripping people off.

 

[VolsNSkinsFan]

He knew what he was doing. The SEC doesnt toss around Ponzi Scheme charges without damming evidence. He got lucky the case was in Athens. You can read the complaint here.

SEC.gov | SEC Charges College Football Hall of Fame Coach in $80 Million Ponzi Scheme

 

[orangebloodgmc]

Isn't he the one that wouldn't shake hands with Coach Phil? When you won't shake hands, that makes me think you're probably one of them Ponzis.

 

[davethevol]

He knew what he was doing. The SEC doesnt toss around Ponzi Scheme charges without damming evidence. He got lucky the case was in Athens. You can read the complaint here.

SEC.gov | SEC Charges College Football Hall of Fame Coach in $80 Million Ponzi Scheme

The SEC also tried to charge Mark Cuban with insider trading and that got dismissed. They aren't always right.

 

[VolsNSkinsFan]

The SEC also tried to charge Mark Cuban with insider trading and that got dismissed. They aren't always right.

Cuban did trade on insider knowledge. SEC couldn't get the CEO to testify against him