Alleged Ponzi schemer Donnelly remains jailed

Donnelly attorney John Davidson (pictured here March 12 in front of the federal courthouse) says he expects his client John Donnelly will request bail in the near future. FILE PHOTO BY LINDSAY BARNES

The man accused of running an $11 million Ponzi scheme will remain behind bars for the immediate future. John M. Donnelly, a motorcycle racing enthusiast, appeared briefly in federal court this afternoon for a previously scheduled preliminary examination and bond hearing. Through his attorney, John Davidson (pictured left), Donnelly waived his right to a preliminary hearing and did not request bond immediately. "This man should be home with his children," says Davidson, who says he expects to request bail for Donnelly once government prosecutors finish sharing information regarding the charges against his client. Donnelly's assets have been frozen as part of the case against him. Donnelly's case will next be considered by a grand jury. Future court dates have not yet been set.