By KATE BRUMBACK
Associated Press
ATHENS, Ga. - A jury has been seated in the trial for former University of Georgia football coach Jim Donnan, who's accused of running a pyramid scheme using relationships of trust to lure investors.
The jury was selected today.
A federal indictment charged Donnan and another man with conspiracy, mail fraud and wire fraud. Prosecutors have said the pair ran the scheme through GLC Limited, Inc., a West Virginia-based company that dealt in closeout merchandise.
Authorities have said Donnan convinced high-profile college coaches and former players to invest $80 million in the company. The money from new investors was continually needed to pay the company's expenses and other investors.
The other man pleaded guilty to a conspiracy charge last month.
Donnan has denied intentionally misleading investors.