The FBI and IRS are investigating an alleged Ponzi scheme that may have involved former University of Georgia football coach and ex-ESPN college football analyst Jim Donnan, according to court documents obtained by Outside the Lines and sources with knowledge of the investigation. According to court documents, federal agents with the FBI and IRS began making inquiries as far back as April into the business dealings of West Virginia-based GLC Enterprises. Federal bankruptcy documents filed last month allege that Donnan "solicited investments from more than 50 individuals and entities to GLC Enterprises" and made commissions ranging from 15 percent to 20 percent for any investments he solicited. Read more: http://espn.go.com/espn/otl/story/_/id/6834410/fbi-irs-investigate-jim-donnan-ponzi-scheme
