Wednesday, August 10, 2011

Donnan Settles Ohio Lawsuit

((HT: AJC.com/Boone))

Former University of Georgia head football coach Jim Donnan is settling his lawsuit with an Ohio company that claimed Donnan and his wife had taken advantage of something referred to in court as a "Ponzi scheme."

He's transferring over US$5-million in liquid assets to GLC Limited in a scheme that brought in several big-named college coaches that cost investors $27-million by the time it was over with...

The motion still has to be approved by a federal judge...

More when we know more...

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