Posted: Tuesday, August 26th 2014 at 4:23am
Man accused in investment fraud to be sentenced in Athens
By The Associated Press
ATHENS, Ga. (AP) A man accused of running an investment fraud scheme that lost millions in investor dollars is set to be sentenced.
Gregory Crabtree of Proctorville, Ohio, is set for sentencing Tuesday in Athens. Crabtree pleaded guilty to a single conspiracy charge in April and faces up to five years in prison.
Prosecutors accused him and former University of Georgia football coach Jim Donnan ran a fraudulent investment scheme from September 2007 to December 2010 through GLC Limited, a West Virginia-based company dealing in wholesale and closeout merchandise.
Donnan went to trial in May and a jury acquitted him of all charges. His lawyers argued that he was as much a victim of a fraudulent investment scheme as the rest of the investors.
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