The U.S. Securities and Exchange Commission has accused former Marshall University and University of Georgia football coach Jim Donnan of using his influence to get high-profile college coaches and former players to invest in an $80 million Ponzi scheme. The Commission says Donnan and a business partner, Gregory Crabtree, of Proctorville, Ohio convinced investors to put money into a liquidation company that bought and resold appliances and furniture, while telling investors the business was unique and profitable with huge potential and little risk. Federal regulators say Donnan orchestrated the fraud with his business partner through West Virginia-based GLC Limited.
