Defense lawyers who persuaded a federal jury in Athens to acquit former University of Georgia football coach Jim Donnan of federal fraud charges credit their success to a defense built on the premise that Donnan was personally dedicated to three “families” of investors that he never would have duped—his children, his former ballplayers and his country club friends.
Nearly 100 investors—the majority of them family or close personal friends of the College Hall of Fame coach—lost hundreds of thousands of dollars investing in a surplus inventory business that federal prosecutors said was a phony investment scheme that collapsed in 2010, stripping many of the later investors Donnan had recruited of their contributions.
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