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Apr 9, 2007 12:01 pm US/Eastern

Olympic Sprinter Pleads Guilty In NYC Fraud Scheme

NEW YORK (AP) ― Olympic gold medalist Tim Montgomery pleaded guilty Monday in connection with a multimillion-dollar bank fraud and money laundering scheme, his lawyer said.

The attorney, Robert McFarland, declined to discuss the charges involved in the plea, and the U.S. attorney's office had no immediate comment.

Montgomery was charged last year along with his track coach, Steven Riddick, and 11 others in an alleged conspiracy to deposit $5 million in stolen, altered or counterfeit checks over three years at several banks.

(© 2007 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)

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