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>
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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's oldest son, Steve Bowden, pleaded guilty in the scheme. <br>
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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.'' <br>
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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>
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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.
http://accesswdun.com/article/2003/5/179836
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