Read the latest news relating to investor claims and broker fraud.

Ex-Football Coach Accused of Operating Ponzi Scheme

Last month, Jim Donnan, a former head football coach at the University of Georgia and ESPN college football analyst, was accused of running a multimillion dollar Ponzi scheme.

According to documents filed in Ohio bankruptcy court, Mr. Donnan and his wife solicited investments from more than 50 investors to a company known as GLC Ltd. The Donnans reportedly made 15-20% off of each new investment they secured and are alleged to have made approximately $14.5 million dollars. The court documents accuse Mr. Donnan of being principally or substantially responsible in a Ponzi scheme that cost GLC Ltd investors more than $27 million.

Mr. Donnan's attorney has told the media that his client was not aware of the alleged Ponzi scheme.

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At Meyer Wilson, we are committed to representing Ohio investors in stockbroker mediation, arbitration, and litigation claims. We are currently the only law firm made up of Ohio investment fraud lawyers who practice solely in this area of law. To reach an investment fraud attorney at Meyer Wilson, please call 1.866.429.2360. To find out more about the warning signs of a possible scam, please read our free book: Five Signs of Investment Fraud...And What to Do if it's Happened to You.

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