Feds file complaint against man accused of cheating 2 Tech coach - KCBD NewsChannel 11 Lubbock

Feds file complaint against man accused of cheating 2 Tech coaches

Jim Donnan Jim Donnan

The Securities and Exchange Commission accuses University of Georgia football coach Jim Donnan of cheating other coaches and former players out of millions of dollars.  The complaint filed in Atlanta on Thursday is a civil charge, not criminal. 

The SEC complaint does not list victims but a related bankruptcy case filed several months ago indicates that Donnan owes Texas Tech football coach Tommy Tuberville $800,000 and Texas Tech basketball coach Billie Gillespie about $2,000,000. 

The complaint also names Donnan's adult children and his business associate Gregory Crabtree. 

"Donnan and Crabtree raised a total of approximately $80 million from ninety-seven investors," the complaint says.  It also says Donnan was highly manipulative.  In one circumstance it quotes Donnan as telling one of his former players, "Your Daddy is going to take care of you. … If you weren't my son, I wouldn't be doing this for you." The complaint says that player later invested $800,000.

The SEC wants a court order "requiring the disgorgement … of all ill-gotten gains or unjust enrichment."

Copyright 2012 KCBD. All rights reserved.

  • Local News on KCBD.comNewsMore>>

  • Texas mourners endure grief that 'none of us can comprehend'

    Texas mourners endure grief that 'none of us can comprehend'

    Saturday, May 19 2018 11:51 PM EDT2018-05-20 03:51:30 GMT
    Sunday, May 20 2018 9:37 PM EDT2018-05-21 01:37:48 GMT
    (Jennifer Reynolds/The Galveston County Daily News via AP). April Salinas, second from right, her daughters Meah, 13, and Macee, 6, and Jeramiah Kelley read notes left at memorial behind Texas First Bank, Saturday, May 19, 2018 in Santa Fe, Texas. A gu...(Jennifer Reynolds/The Galveston County Daily News via AP). April Salinas, second from right, her daughters Meah, 13, and Macee, 6, and Jeramiah Kelley read notes left at memorial behind Texas First Bank, Saturday, May 19, 2018 in Santa Fe, Texas. A gu...

    The mother of one slain student said her daughter may have been targeted because she rejected advances from the suspect, who was an ex-boyfriend of her daughter's best friend.

    The mother of one slain student said her daughter may have been targeted because she rejected advances from the suspect, who was an ex-boyfriend of her daughter's best friend.

  • Cyclists tried to scare cougar but it attacked, killing 1

    Cyclists tried to scare cougar but it attacked, killing 1

    Sunday, May 20 2018 1:31 AM EDT2018-05-20 05:31:13 GMT
    Sunday, May 20 2018 9:37 PM EDT2018-05-21 01:37:10 GMT
    (Alan Berner /The Seattle Times via AP). Washington State Fish and Wildlife Police confer with an individual from the King County Medical Examiner's and a King County Sheriff's deputy on a remote gravel road above Snoqualmie, WA., following a fatal cou...(Alan Berner /The Seattle Times via AP). Washington State Fish and Wildlife Police confer with an individual from the King County Medical Examiner's and a King County Sheriff's deputy on a remote gravel road above Snoqualmie, WA., following a fatal cou...

    Authorities say the cougar believed responsible for the attack has been euthanized.

    Authorities say the cougar believed responsible for the attack has been euthanized.

  • Venezuela keeps voting stations open amid light turnout

    Venezuela keeps voting stations open amid light turnout

    Sunday, May 20 2018 12:22 AM EDT2018-05-20 04:22:02 GMT
    Sunday, May 20 2018 9:36 PM EDT2018-05-21 01:36:15 GMT
    (AP Photo/Ariana Cubillos). Venezuela's President Nicolas Maduro makes the victory sign after a meeting with former Spanish Prime Minister Jose Luis Rodriguez Zapatero at the presidential palace in Caracas, Venezuela, Friday, May 18, 2018. Maduro is se...(AP Photo/Ariana Cubillos). Venezuela's President Nicolas Maduro makes the victory sign after a meeting with former Spanish Prime Minister Jose Luis Rodriguez Zapatero at the presidential palace in Caracas, Venezuela, Friday, May 18, 2018. Maduro is se...
    Venezuelans vote Sunday in a presidential election with Nicolas Maduro expected to win a second six-year term, despite a deepening crisis that's made food scarce and inflation soar as oil production in the once...
    Venezuelans vote Sunday in a presidential election with Nicolas Maduro expected to win a second six-year term, despite a deepening crisis that's made food scarce and inflation soar as oil production in the once wealthy nation plummets.
Powered by Frankly