Back in July, there was a very strange story involving former Georgia coach Jim Donnan and his supposed involvement in a Ponzi scheme that resulted in a lawsuit against certain members of Donnan’s family.
According to a combination of court documents and testimonies, Donnan was a financial investor in a West Virginia-based company by the name of GLC Ltd., which was reportedly pitched by Donnan as a retail liquidation company. However, the lawsuit filed against Donnan’s family by the current operators of GLC claim that Donnan was an officer in the company.
A report from ESPN claimed “investors sank nearly $82 million dollars into GLC Enterprises but less than $12 million was spent on inventory and at least $13 million in investor money remains unaccounted for. With dwindling revenues, GLC eventually used money from new investors to pay old investors, which, according to the court documents, constituted a Ponzi scheme.”
Investors in GLC included current college football coaches Frank Beamer and Tommy Tuberville.
In a follow up story on the situation, further court documents and sources close to Outside the Lines claim that the FBI and the IRS are now looking into the alleged Ponzi scheme. Federal authorities and Donnan’s representation have declined to comment.
What the two entities are looking for, and what would happen to Donnan if they find it, is still up in the air.
Donnan and his wife, as well as GLC, have already filed for Chapter 11 bankruptcy in an Ohio federal court. Donnan is currently being asked to pay $8.25 million to creditors.
Navy has seen one of its most productive players on the defensive side of the ball play for perhaps the final time this season.
Kwazel Bertrand sustained a broken ankle in the win over Air Force last Saturday, head coach Ken Niumatalolo confirmed earlier this week. As a result, the defensive back will very likely miss the remainder of the 2015 season.
And, because he is a senior and has no other eligibility avenues to pursue, it would effectively end his collegiate career as well.
“I feel terrible for Kwazel. It’s really unfortunate any time a senior goes down with a season-ending injury,” Niumatalolo said. “Kwazel has been a really good player for us and we’re going to miss his presence out on the field.”
Bertrand started 27 games over the past three-plus seasons, including all four in 2015.
You know how I know we’re gradually creeping up on the end of another regular season? Watch lists are being whittled.
The first major honor to do so is the Johnny Unitas Golden Arm Award, which is given out annually to the best quarterback who is a college senior or fourth-year junior. The preseason watch list was 30 quarterbacks strong; the newest list has been cut in half to 15.
The most recent list includes one of the top Heisman contenders (TCU’s Trevone Boykin) and the top two nationally in passing yards (Bowling Green’s Matt Johnson, Western Kentucky’s Brandon Doughty), as well as a quarterback who’s closing in on the all-time FBS record for rushing touchdowns (Navy’s Keenan Reynolds).
The Pac-12 leads all conferences with three watch listers, followed by two each from the AAC, ACC and Big Ten. The SEC has as many players (one, Mississippi State’s Dak Prescott) as the FCS (North Dakota State’s Carson Wentz).
Last year’s winner was Marcus Mariota of Oregon.
Trevone Boykin, TCU
Jacoby Brissett, NC State
Connor Cook, Michigan State
Brandon Doughty, WKU
Everett Golson, Florida State
Kevin Hogan, Stanford
Matt Johnson, Bowling Green
Cody Kessler, USC
Paxton Lynch, Memphis
Dak Prescott, Mississippi State
Keenan Reynolds, Navy
Nate Sudfeld, Indiana
Carson Wentz, N. Dakota State
Marquise Williams, North Carolina
Travis Wilson, Utah