Former University of Georgia football coach Jim Donnan and a business partner face charges that they operated a Ponzi scheme, according to federal indictment unsealed Tuesday. The grand jury last week returned the 85-count indictment against Donnan and Gregory L. Crabtree of Proctorville, Ohio. The charges include conspiracy, mail fraud and wire fraud, among others. Charles Cox, a lawyer for Crabtree, said his client entered a not guilty plea at his arraignment Tuesday in Macon and was released on bond. ”We have no other comment, as neither Mr. Crabtree nor I had seen the indictment before this afternoon,” Cox wrote in an email. ”The not guilty plea he entered today was the first step in his defense of these charges.” A lawyer for Donnan did not immediately respond to calls and an email seeking comment. Donnan was also set to make his initial court appearance Tuesday, but it wasn’t immediately known if he appeared. The indictment says the pair ran the scheme through GLC Limited, Inc., a West Virginia-based company that dealt in closeout merchandise. Crabtree was president of the company and was responsible for its day-to-day operation, while Donnan’s main role was to recruit investors, the indictment says. The… Read full this story
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