mathmajors
Roll Wave
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FSU and UA combine to swindell millions (sort of).
http://newsobserver.com/sports/story/2501123p-2324462c.html
Bowden's son pleads guilty in securities case
From Staff and Wire Reports
A son of Florida State football coach Bobby Bowden pleaded guilty Tuesday to swindling millions from investors -- including his father.
Steve Bowden admitted conspiring with former Alabama quarterback Brian Burgdorf in a scheme that prosecutors say defrauded investors of $10 million.
The scam involved selling unregistered securities through The Millennium Fund, which billed itself as being for "the privileged few." Assistant U.S. Attorney Adolph Dean said Steve Bowden brought in his father and three other investors, who lost a total of $4.4 million. Bobby Bowden invested $1.6 million, Dean said.
Steve Bowden pleaded guilty to conspiring to sell unregistered securities. A second man, James Michael Hanks of Hoover, Ala., pleaded guilty to conspiracy and tax charges during a hearing before U.S. District Judge Karon O. Bowdre in Birmingham, Ala.
Burgdorf, who was a captain at Alabama as a senior in 1995, intends to plead guilty during a hearing Friday, said his attorney, Ron Marlow. He didn't say what charges would be involved.
Prosecutors will recommend a sentence of one to two years in prison for Hanks and probation for Bowden, Dean said. Bowdre set sentencing for July 30.
http://newsobserver.com/sports/story/2501123p-2324462c.html
Bowden's son pleads guilty in securities case
From Staff and Wire Reports
A son of Florida State football coach Bobby Bowden pleaded guilty Tuesday to swindling millions from investors -- including his father.
Steve Bowden admitted conspiring with former Alabama quarterback Brian Burgdorf in a scheme that prosecutors say defrauded investors of $10 million.
The scam involved selling unregistered securities through The Millennium Fund, which billed itself as being for "the privileged few." Assistant U.S. Attorney Adolph Dean said Steve Bowden brought in his father and three other investors, who lost a total of $4.4 million. Bobby Bowden invested $1.6 million, Dean said.
Steve Bowden pleaded guilty to conspiring to sell unregistered securities. A second man, James Michael Hanks of Hoover, Ala., pleaded guilty to conspiracy and tax charges during a hearing before U.S. District Judge Karon O. Bowdre in Birmingham, Ala.
Burgdorf, who was a captain at Alabama as a senior in 1995, intends to plead guilty during a hearing Friday, said his attorney, Ron Marlow. He didn't say what charges would be involved.
Prosecutors will recommend a sentence of one to two years in prison for Hanks and probation for Bowden, Dean said. Bowdre set sentencing for July 30.
