Reported Jim Donnan Ponzi Scheme Documents Detail Payments, Payouts

Ah, the Jim Donnan Ponzi scheme story. Where were we? When last we'd spoken, it was being reported that the former Georgia Bulldogs coach had (perhaps accidentally) gotten a number of fellow college football coaches involved in a shady investment plan.

Sports By Brooks claims to have obtained documents which show just how much certain coaches and players may have paid into the system, based on Donnan's own accounting. Here's that list:

1) Tommy Tuberville: $800,000
2) Frank Beamer: $175,000
3) Billy Gillispie: $3,000,000+ (one of two loan agreements unsigned)
4) Dennis Franchione: $650,000
5) Mark Gottfried: $250,000
6) Kendrell Bell (Former NFL player): $2,075,000 (two of four loan agreements unsigned)
7) Jonas Jennings (Former NFL player): $500,000 (loan agreement unsigned)
8) Mike Gottfried (Former ESPN analyst, CFB coach): $250,000
9) Tom Luginbill (ESPN recrutiing analyst): $30,000
10) Barry Switzer: $50,000    

I love that 8) automatically turned into a smily in SbB's CMS, and am just gonna leave it. Two names that really stick out there: Kendrell Bell and Jonas Jennings, both of whom played for Donnan at UGA. Not good. And step it up, Switzer.

One name that does not stick out at all, since we're talking about Ponzi schemes: Billy Gillispie's. What are you doing here? You're not even a football coach. Neither is Mark Gottfried, but his uncle Mike Gottfried was. If there's a bad investment to be made that somehow involves a sports figure, you can count on Gillispie to invest. And not just invest, but to drop a sum that dwarfs pretty much everybody else's. Billy Gillispie has an interesting financial portfolio.

Assuming this is all real, of course.

For more Georgia spots, visit Dawg Sports. For more college football news, head to SB Nation NCAA Football.

Trending Discussions

X
Log In Sign Up

forgot?
Log In Sign Up

Forgot password?

We'll email you a reset link.

If you signed up using a 3rd party account like Facebook or Twitter, please login with it instead.

Forgot password?

Try another email?

Almost done,

By becoming a registered user, you are also agreeing to our Terms and confirming that you have read our Privacy Policy.

Join SB Nation Atlanta

You must be a member of SB Nation Atlanta to participate.

We have our own Community Guidelines at SB Nation Atlanta. You should read them.

Join SB Nation Atlanta

You must be a member of SB Nation Atlanta to participate.

We have our own Community Guidelines at SB Nation Atlanta. You should read them.

Spinner.vc97ec6e

Authenticating

Great!

Choose an available username to complete sign up.

In order to provide our users with a better overall experience, we ask for more information from Facebook when using it to login so that we can learn more about our audience and provide you with the best possible experience. We do not store specific user data and the sharing of it is not required to login with Facebook.