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:
“... money trials are not the hardest, and somehow or other, they are always overcome.”
—Amelia E. Barr (1831–1919)
“Yet I would bear my shortcomings
With meet tranquility,
But for the charge that blessed things
I’d liefer not have be.
O, doth a bird deprived of wings
Go earth-bound wilfully!”
—Thomas Hardy (1840–1928)