ATHENS, Georgia - A jury has found former University of Georgia football coach Jim Donnan not guilty on all 41 charges related to an investment fraud scheme.
Donnan faced charges including conspiracy, mail fraud, wire fraud and money laundering. Prosecutors said he and Gregory Crabtree ran a fraudulent investment scheme from September 2007 to December 2010 through a company dealing in wholesale and closeout merchandise.
Prosecutors said Donnan used his personal and professional network to lure such investors as former Texas A&M football coach Dennis Franchione, former Texas A&M men's basketball coach Billy Gillispie and University of Cincinnatti football coach Tommy Tuberville.
Donnan's lawyers maintained he was duped and thought he was sharing an opportunity with friends.
Crabtree pleaded guilty last month to a single conspiracy charge and faces up to five years in prison.
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