Former Chiefs LB Kendrell Bell Caught In Ponzi Scheme

In court documents, Bell's lawyers allege that Jim Donnan, his former college coach the University of Georgia, duped him out of over $2 million.

Attorneys for former Kansas City Chiefs LB Kendrell Bell have claimed that his former college coach at the University of Georgia, Jim Donnan, deceived him into investing $2 million dollars into a Ponzi scheme:

"James Donnan guaranteed (Bell) that his investment was safe and that James Donnan would protect him," according to legal documents filed by Bell’s lawyers. "James Donnan was a father-figure to (Bell), and (Bell) trusted him implicitly."

"James Donnan, as one of the two architects of the Ponzi scheme, was the prime salesman and largest beneficiary of the scheme," according to Bell’s attorneys. "In short, James Donnan duped (Bell) into investing $2 million, and then diverted his money from GLC to (Jim and his wife Mary Donnan) or other investors."

GLC Limited was a company that claimed to use investors money to buy discontinued appliances and furniture for resale, but court documents indicate that of the $82 million they received from investors, only $12 million was used to actually purchase things, with the rest going to healthy returns for initial investors like Donnan.

According to Bell's lawyers, Donnan received a 15-20% fee for every investor he brought to GLC, and of his initial $5.4 million investment, his family received over $16 million.

Bell was the NFL Defensive Rookie of the Year in 2001 for the Pittsburgh Steelers, but injuries shortened his seven-year career, with his final stop coming in Kansas City from 2005-2007, where he could never reclaim the promise he showed when he first came out of Georgia.

Trending Discussions

X
Log In Sign Up

forgot?
Log In Sign Up

Please choose a new SB Nation username and password

As part of the new SB Nation launch, prior users will need to choose a permanent username, along with a new password.

Your username will be used to login to SB Nation going forward.

I already have a Vox Media account!

Verify Vox Media account

Please login to your Vox Media account. This account will be linked to your previously existing Eater account.

Please choose a new SB Nation username and password

As part of the new SB Nation launch, prior MT authors will need to choose a new username and password.

Your username will be used to login to SB Nation going forward.

Forgot password?

We'll email you a reset link.

If you signed up using a 3rd party account like Facebook or Twitter, please login with it instead.

Forgot password?

Try another email?

Almost done,

By becoming a registered user, you are also agreeing to our Terms and confirming that you have read our Privacy Policy.

Join SB Nation Kansas City

You must be a member of SB Nation Kansas City to participate.

We have our own Community Guidelines at SB Nation Kansas City. You should read them.

Join SB Nation Kansas City

You must be a member of SB Nation Kansas City to participate.

We have our own Community Guidelines at SB Nation Kansas City. You should read them.

Spinner.vc97ec6e

Authenticating

Great!

Choose an available username to complete sign up.

In order to provide our users with a better overall experience, we ask for more information from Facebook when using it to login so that we can learn more about our audience and provide you with the best possible experience. We do not store specific user data and the sharing of it is not required to login with Facebook.