Friday, January 27, 2012

More and more, Jim Donnan looks like garbage

The Ponzi case against former UGA Coach Jim Donnan just keeps getting uglier. From The Banner-Herald:
The Donnans were among the first investors, putting about $5.4 million in GLC, then getting $14.6 million back, according to documents filed by Bell’s lawyers.

Donnan got a commission of 15 percent to 20 percent when he solicited other investors to invest in or loan money to GLC, according to court documents filed by lawyers for Bell and for GLC.

The Donnans themselves filed for bankruptcy protection in July, proposing a plan in which the Donnans would repay some of the money they received from GLC. But some of those who lost money have objected, including the widow of Athens physician Stephen Fennell.

Lawyers for Valerie Fennell say Donnan persuaded her husband to invest $450,000 in GLC to buy inventory at a time when Fennell was dying of leukemia and unable to make sound financial decisions, the lawyers said. He only got a fraction of his money back.
So, either you were cheating people out of their money and knew it, or you thought the discount furniture business enabled you to turn a 170 percent profit over the course of a few years. Either way, you gotta go down.

More background on the case here, from ESPN. There are more details of Donnan's bankruptcy case here, also from ESPN, including a link to legal documents.

The second link confirms the profit estimate for the Donnan's:
"There is no dispute that the Donnans [including their immediate family members] were the largest net winners of all investors in GLC as they received from GLC approximately $9,157,000 more than they invested," the settlement agreement states.

Saturday, January 14, 2012

UGA great Conrad Fink, dead at 80

Conrad Fink, who in his life was a U.S. Marine, foreign correspondent, vice president of the Associated Press, newspaperman, University of Georgia professor, husband and father, died Sunday, according to numerous media outlets and the Grady College of Journalism.

He was something else, as his Facebook page today makes clear.

Just to give you an idea: Go to the 1:02 mark.

Update: A much longer version of his obituary.

Monday, January 9, 2012

I'd like to know our plan in the secondary

With Jordan Love leaving, and word on the street that we're "full" at corner next year, I'm curious about what I don't know with our secondary.

Shawn Williams, Bacarri Rambo and Branden Smith are all said to be weighing their NFL draft options, though my money says only Rambo bolts. Brandon Boykin is a senior, Paul Hornung award winner and NFL bound. Sanders Commings is back, giving us a solid man at one corner.

After that, there are a few high-profile recruits (Nick Marshall, come on down, at pretty much any position), but it's not a roster position that stikes me as fully taken care of.

Luckily, what I don't know can fill a warehouse.

Sunday, January 8, 2012

Where are you, Bulldog friend Anthony Logan?

I'm not sure what made me think of this tonight, but did anyone ever find this guy? I'm assuming Herschel didn't. I have a feeling I would have heard about that.
"At the end of my eighth-grade year, I got beat up by this kid named Anthony Logan," Herschel said.

Laughing, he added, "Believe me, I'm still Googling him."

"But that was the last straw. I started doing 5,000 push-ups every day. I started doing 5,000 sit-ups every day. I would get up at 4:30 in the morning and run four miles. In the afternoon, I would run another three miles. I would find tree limbs and do pull-ups. I started going to the library, checking out books, reading in front of the mirror, and my speech impediment went away."
That's good work, Mr. Logan. Hide, before Herschel thanks you.

Friday, January 6, 2012

Even I don't wish that on you, Clemson

Clemson fans, you've never been anything but nice to me. Sure, I disdain you on principle. But what I saw Wednesday night, on national television, was enough beat-down for the lifetime of any man, team or university athletic program.

You let me know where to send those flowers.

Images: The Orange Bowl Committee.