Money Laundering Charge
In April 2006, Montgomery was indicted and arrested on fraud charges for his alleged involvement in a money laundering scheme. He is accused of depositing three bogus checks totaling $775,000. Montgomery allegedly received $20,000 for his participation. His former coach, Steve Riddick, was also a defendant in the case.
Riddick is serving a prison term of five years and three months. Marion Jones served a six-month prison term for lying to investigators about the check-fraud scam.
Montgomery pleaded guilty to the charges on April 9, 2007. He was sentenced to 46 months in prison on May 16, 2008.
Read more about this topic: Tim Montgomery
Famous quotes containing the words money and/or charge:
“There is some ill a-brewing towards my rest,
For I did dream of money bags tonight.”
—William Shakespeare (15641616)
“Well done, good and trustworthy slave; you have been trustworthy in a few things, I will put you in charge of many things; enter into the joy of your master.”
—Bible: New Testament, Matthew 25:21.