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 NEW YORK (AP) - Olympic gold medalist Tim Montgomery was arrested Friday on charges he was connected to a multimillion-dollar bank fraud and money laundering scheme.
A grand jury indictment unsealed in New York accused the star sprinter, his gold medalist track coach, Steven Riddick, and 12 other people of being involved in a conspiracy that deposited $5 million in stolen, altered or counterfeit checks over three years.
Some of the money was laundered through two businesses owned by a New York couple accused of being behind the scam, according to the indictment.
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