Former Coach Accused of Ponzi Scheme

August 17, 2012

Jim Donnan, who was head football coach of Marshall University and the University of Georgia, was charged by federal regulators Thursday with running a Ponzi scheme that took money from fellow coaches and former players, The New York Times reported. Donnan is accused of, in collaboration with an Ohio businessman, cheating investors out of $80 million. A lawyer for Donnan did not respond to calls seeking comment.


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