Michael Golden
A former Coupeville Middle School football coach has been charged with a federal crime, with authorities alleging he defrauded investors more than $3 million.
Michael Golden was an assistant coach with the Wolf gridiron program for several months in 2017, before moving back to Alabama.
He has been charged with one count of wire fraud, which carries a maximum penalty of 20 years in jail.
The announcement was made Friday by Northern District of Alabama U.S. Attorney Prim Escalona and FBI Special Agent in Charge Carlton Peeples.
The complaint against Golden, 48, alleges as founder and owner of three businesses, he duped investors between January 2018 and July 2022.
Those companies are Wolf-Tek LLC, MountainTop Timber LLC, and DroneTek Inc.
According to the complaint, Golden is alleged to have misrepresented his businesses to investors in multiple ways.
This includes stating he had timber leases and a way to harvest said timber for profit, that he had hundreds of pre-orders for drones, and that his businesses were about to be sold for millions of dollars to Amazon and other companies.
It is also alleged Golden gave investors promissory notes in which he misrepresented his ability to repay.
The charges state Golden defrauded investors to the tune of $3.5 million dollars and used the money to pay back prior investors and for personal expenses.
The investigation of the case was conducted by the FBI, and Assistant U.S. Attorney Ryan Rummage is prosecuting the case.
Coupeville Sports 