RP McMurphy
100+ Posts
The Link
ATHENS, Ga. -- Former University of Georgia football coach and ex-ESPN college football analyst Jim Donnan has been accused of making millions of dollars from a Ponzi scheme that also enriched his three children and their spouses, according to documents filed late last week in an Ohio bankruptcy case.
The federal court documents, filed Thursday and Friday, are part of a larger bankruptcy case involving West Virginia-based company GLC Ltd.
Formed in March 2004, GLC Enterprises, as it was known then, attracted investments from several high-profile figures from the world of sport. Among them are former University of Oklahoma and Dallas Cowboys coach Barry Switzer; Virginia Tech football coach Frank Beamer; Texas State football coach Dennis Franchione; and Texas Tech football coach Tommy Tuberville.
ATHENS, Ga. -- Former University of Georgia football coach and ex-ESPN college football analyst Jim Donnan has been accused of making millions of dollars from a Ponzi scheme that also enriched his three children and their spouses, according to documents filed late last week in an Ohio bankruptcy case.
The federal court documents, filed Thursday and Friday, are part of a larger bankruptcy case involving West Virginia-based company GLC Ltd.
Formed in March 2004, GLC Enterprises, as it was known then, attracted investments from several high-profile figures from the world of sport. Among them are former University of Oklahoma and Dallas Cowboys coach Barry Switzer; Virginia Tech football coach Frank Beamer; Texas State football coach Dennis Franchione; and Texas Tech football coach Tommy Tuberville.
