Bloomberg News

SEC Sues College Football Hall of Fame Coach Over Ponzi Scheme

August 16, 2012

The Securities and Exchange Commission said it sued a former college football coach who teamed with an Ohio man to conduct an $80 million Ponzi scheme.

The SEC claimed that Jim Donnan, former coach at Marshall University and the University of Georgia and later a television commentator, conducted the fraud with his business partner Gregory Crabtree, according to an e-mailed statement.

To contact the editor responsible for this story: Greg Chang at

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