Sports memorabilia forfeited to repay Ball State

Ball State University

MUNCIE, Ind. (AP) — A New York City man who pleaded guilty to wire fraud for his role in an investment fraud scheme that cost Ball State University $3.8 million has agreed to forfeit a baseball jersey autographed by Mickey Mantle and boxing gloves autographed by Mike Tyson to pay restitution.

The Star Press reports (http://tspne.ws/1phbCeT ) 46-year-old George Montolio consented to the forfeiture during criminal proceedings. He also agreed to forfeit four row house-style apartment buildings in the Bronx, New York, and a 2010 Chevrolet Camaro.

Ball State also was defrauded of about $8 million in another investment-fraud scheme by 37-year-old Seth Beoku Betts of Florida, who has forfeited a $1 million waterfront home in Palm Beach County that he bought with university money.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

blog comments powered by Disqus