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:
“In another year I’ll have enough money saved. Then I’m gonna go back to my hometown in Oregon and I’m gonna build a house for my mother and myself. And join the country club and take up golf. And I’ll meet the proper man with the proper position. And I’ll make a proper wife who can run a proper home and raise proper children. And I’ll be happy, because when you’re proper, you’re safe.”
—Daniel Taradash (b. 1913)
“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)