ATHENS, Ga. (AP) - Defense attorneys for former University of Georgia football coach Jim Donnan have begun calling witnesses in his trial on federal charges including conspiracy, mail fraud and wire fraud.
Prosecutors say the 69-year-old and another man ran a fraudulent investment scheme from September 2007 to December 2010 through GLC, a West Virginia-based company that dealt in wholesale and closeout merchandise.
Prosecutors say the pair promised investors high rates of return, but they paid investors with other investor money. The prosecution rested its case around midday Tuesday after five and a half days of testimony, and the defense began to present its case after a lunch break.
Prosecutors have said Donnan used his extensive personal and professional network to lure investors. If convicted, Donnan could face a potentially lengthy prison sentence.
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