Former Alabama QB Burgdorf pleads guilty in securities fraud

BIRMINGHAM, ALABAMA - Former University of Alabama quarterback Brian Burgdorf pleaded guilty Friday in a ten million dollar securities scam, admitting to a fraud whose victims included Florida State coach Bobby Bowden. <br> <br> The 29-year-old Burgdorf is a native of Cedartown, Georgia. He pleaded guilty in federal court to conspiring to sell unregistered securities. He appeared three days after Bowden&#39;s oldest son, Steve Bowden, pleaded guilty in the scheme. <br> <br> Prosecutor Adolph Dean described Burgdorf and Steve Bowden as sales representatives for the Millennium Fund, which was promoted as a tax-free, guaranteed investment for ``the privileged few.&#39;&#39; <br> <br> Dean said Burgdorf, a backup on the 1992 national championship squad and a captain for the 1995 team, earned commissions from promoting the fund in 1997 and 1998. <br> <br> U.S. District Judge Karon Bowdre set sentencing for July 30, when Burgdorf could get a term ranging from probation to five years in prison and a $250,000 fine.