ATHENS, Ga. -- Opening statements began in the trial of former University of Georgia football coach Jim Donnan on Tuesday.
Donnan is accused of bilking investors out of millions of dollars in what federal prosecutors call a Ponzi scheme.
Prosecutors said Donnan took advantage of wealthy friends, football players and coaches he'd connected with during his career as a college coach and sports commentator. Donnan was UGA's head coach from 1996 to 2000.
In just three years, prosecutors say Donnan's scheme took in $81 million in investments. Donnan is accused of using a small salvage business in West Virginia as front, promising returns from 50 to 200 percent and keeping millions for himself.