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Trial for ex-UGA football coach accused in Ponzi scheme expected to begin this week
Reported by: Associated Press
Monday, May 5, 2014 12:23 PM EDT
Pretrial proceedings are expected to begin Monday in the trial of former University of Georgia football coach Jim Donnan, who was accused of running a pyramid scheme.
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 Athens Banner-Herald reports Crabtree pleaded guilty last month to conspiracy to commit fraud in the sale of a security.
Donnan has denied intentionally misleading investors.
Information from: Athens Banner-Herald, http://www.onlineathens.com