Former Oklahoma football coach Barry Switzer has prevailed in a lawsuit that claimed he benefited from a Ponzi scheme tied to former Georgia coach Jim Donnan.
On Wednesday, a U.S. District Court judge in Georgia entered a judgment in favor of Switzer in a lawsuit filed by a trustee tasked with liquidating Donnan's bankruptcy estate.
As explained in a statement released through Switzer's attorney on Thursday, Donnan filed for bankruptcy after it was discovered that GLC, Ltd., a company Donnan had invested in, operated a Ponzi scheme. Before the Ponzi scheme was discovered, Donnan helped obtain a $250,000 loan for the company from a company owned by Switzer.