Tim Montgomery - Money Laundering Charge

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:

    Hollywood money isn’t money. It’s congealed snow, melts in your hand, and there you are.
    Dorothy Parker (1893–1967)

    Martial, the things for to attain
    The happy life be these, I find:
    The riches left, not got with pain;
    The fruitful ground, the quiet mind;
    The equal friend; no grudge nor strife;
    No charge of rule nor governance;
    Martial (Marcus Valerius Martialis)