Posted: Tuesday, May 6th 2014 at 3:09pm
Jury seated in trial for former UGA football coach Donnan
By The Associated Press
ATHENS -- A jury has been seated in the trial for former University of Georgia football coach Jim Donnan, who's accused of running a pyramid scheme using relationships of trust to lure investors.
The jury was selected Tuesday.
A federal indictment charged Donnan and another man with conspiracy, mail fraud and wire fraud. Prosecutors have said the pair ran the scheme through GLC Limited, Inc., a West Virginia-based company that dealt in closeout merchandise.
Authorities have said Donnan convinced high-profile college coaches and former players to invest $80 million in the company. The money from new investors was continually needed to pay the company's expenses and other investors.
The other man pleaded guilty to a conspiracy charge last month.
Donnan has denied intentionally misleading investors.
© Copyright 2014 AccessNorthGa.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.