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:
“Once again, we’ve wasted time and money by dealing with the homeless backward. Too much energy has gone into deciding where we do not want them to be, and making sure that they would not be there.”
—Anna Quindlen (b. 1952)
“The Germans are called brutal, the Spanish cruel, the Americans superficial, and so on; but we are perfide Albion, the island of hypocrites, the people who have built up an Empire with a Bible in one hand, a pistol in the other, and financial concessions in both pockets. Is the charge true? I think it is.”
—E.M. (Edward Morgan)