Former UGA football coach Jim Donnan found not guilty

Set Text Size SmallSet Text Size MediumSet Text Size LargeSet Text Size X-Large
Share
Updated: 5/16 4:22 pm

Athens, GA (SportsNetwork.com) - Former Georgia football coach Jim Donnan was found not guilty on Friday on all 41 counts against him.

Prosecutors alleged in the case that Donnan and another man, Greg Crabtree, ran a fraudulent investment scheme from 2007 through 2010, promising investors high rates of return from a West Virginia-based business, GLC Limited, that sold closeout merchandise. The company sold little merchandise and instead repaid early investors with the contributions of later investors in a ponzi scheme.

Donnan was facing 41 counts of conspiracy, mail fraud, wire fraud money laundering and securities fraud. Defense attorneys argued that Crabtree fooled Donnan, and that Donnan thought GLC was a legitimate business and a great investment.

After the verdict, Donnan said, "I feel like when I did find out what was going on, all I did was try to rectify a tough situation for everybody. All of us who made money from (from GLC investments) tried our best to pay it back."

Donnan served as the head football coach at Marshall University (1990-1995) and the University of Georgia (1996-2000), compiling a career record of 140-40-1. Donnan was inducted into the College Football Hall of Fame as a coach in 2009.

Share
Gulfport
80° Clear Feels Like: 80° F
High: 81° F
Low: 52° F
Wind: N 5 mph


Inergize Digital This site is hosted and managed by Inergize Digital.
Mobile advertising for this site is available on Local Ad Buy.
Persons with disabilities who need assistance with issues relating to the content of this station's FCC public inspection file should contact: WXXV TV Attn: Bobby Edwards 14351 Highway 49 Gulfport, MS 39503 Phone: 228-831-5200 Email: bedwards@wxxv25.com or Donna Ingram Phone: 228-831-5201 Email: dkgingram@wxxv25.com. To view our public file, visit the 'About WXXV' link at the top of this page. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 1-888-225-5322 or fccinfo@fcc.gov.

Copyright © 2014 WXXV-TV and Morris Networks of MS All Rights Reserved