Tim Montgomery, the Olympic sprinter who had his world record erased after the BALCO steroid scandal, pleaded guilty Monday to conspiracy to fraud. The $5 million bank fraud scheme involved depositing stolen, counterfeit, and altered checks into banks over three years.

Montgomery participated in this scheme which involved his former coach, Steven Riddick, and 11 other defendants. His part involved depositing three checks totaling $775,000 and assisting others to deposit $905,000 in bogus checks. He received $20,000 for his role in the fraud conspiracy.

Montgomery faces 37 to 46 months in prison.