College Football Hall Of Fame Coach Jim Donnan Charged In $80M Ponzi Scheme.

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  • Additional Information
    • Subject Terms:
      UNITED States
    • Subject Terms:
      UNITED States. Securities & Exchange Commission; GLC Ltd.
    • Subject Terms:
      DONNAN, Jim, 1945-; CRABTREE, Gregory
    • Abstract:
      The article reports that the U.S. Securities and Exchange Commission (SEC) has charged former University of Georgia football coach Jim Donnan and his business partner, Gregory Crabtree for allegedly conducting fraud through West Virginia-based firm, GLC Limited. The SEC says Donnan and Crabtree misrepresented to investors by claiming falsely that their business profits were derived from buying leftover merchandise and reselling them to discount retailer. Further details are provided.