Texas Tech v Texas

Updated: Tommy Tuberville listed in fraud lawsuit


I’m not sure what it is about head coaches and shady investment opportunities, but Texas Tech head coach Tommy Tuberville has now been linked to two of them in the past year. Tuberville was listed as an investor in former Georgia coach Jim Donnan‘s “retail liquidation company”, GLC, which turned out to be a Ponzi scheme. Now, Tuberville is the subject of Huntsville Times report that lists him as the focal point of a fraud case involving an Auburn-based investment company.

The paper reports a complaint was filed last Friday in the in U.S. District Court in Montgomery against TS Capital and its co-owners, Tuberville and John David Stroud. The document accuses the two of defrauding investors out of more than $1.7 million.

Details from the Huntsville Times

The 32-page suit alleges that Tuberville and Stroud mixed their clients’ assets with their own, failed to file tax returns, falsified client statements, falsified fund performance reports and “generally disregarded and violated customary practices and procedures followed in the hedge fund and security investments industry.”

Several plaintiffs, including at least one former employee of TS Capital, have demanded their money be returned, yet, according to the complaint, none of the money invested has been accounted for. The suit also states that investors listed “have reason to believe that most, and possibly all, of their invested funds have been misappropriated, improperly converted and/or squandered.”

The suit lists 16 complaints against Tuberville and Stroud, including “negligence or wantonness,” “fraudulent misrepresentation” and “fraudulent suppression.”


Tuberville had been involved with TS Capital Partners following his departure from Auburn after the 2008 season. Tuberville was hired by Texas Tech in January, 2010. According to another Birmingham News feature in 2009, Tuberville, “an amateur stock guru”, was looking to “drum up a little business for a big-time hedge fund run by Stroud Capital.”

Like most fraud cases, the company was exposed in the past year when investors started asking for their funds. Then, things started spiraling out of control. That prompted a report from the National Futures Association last October that essentially showed TS Capital had no money to pay investors.

“To date, the NFA has been able to confirm that TS Management and its affiliated entities have in aggregate less than $3,500 based upon bank and brokerage account records produced by Stroud to the NFA,” the NFA report reads.

Tuberville and Stroud didn’t return calls and emails by the newspaper requesting a response. What this means for Tuberville going forward isn’t known, but there’s a valuable lesson we can all learn from this: if someone you know calls you and the words “investment opportunity” come out of their mouth, hang up the ph0ne.

UPDATED 5:45 p.m. ET: In a statement issued via his attorney, Tuberville “categorically denies any wrongdoing” and alleges he “has never met or spoken with most of the plaintiffs.” Tubervill claims he “invested significant funds and has never received any return from his own investment.”

Finally, Tuberville asserts he “has cooperated with every regulatory inquiry and not a single one has asserted that he was involved in any wrongdoing” and will “vigorously defend the allegations made against him and is confident he will be exonerated.”

(courtesy of Aaron Dickens of RedRaiderSports.com) 

In Baker Mayfield, Texas set to face yet another QB who wanted to be a Longhorn

Baker Mayfield
Associated Press

Jameis WinstonJohnny ManzielAndrew LuckRobert Griffin IIIJ.T. Barrett. Oh, don’t mind me. Just recounting the number of quarterbacks with ties to the Texas football program that never received a sniff from Bevo’s famous snout.

Add another to the list, perhaps the most inexplicable of all: Baker Mayfield.

Mayfield played at Lake Travis High School in Austin, a powerhouse program in a state that specializes in them. Lightly recruited out of high school (he reportedly held only an offer from Florida Atlantic), Mayfield and his family reached out to the nearby program to see if they’d take him as a walk-on.

They said no.

“They told us he had five scholarship quarterbacks, so there wasn’t any need of ‘Bake’ coming out there,” James Mayfield, Baker’s father, told George Schroeder of USA Today. “I popped off that they had five scholarship quarterbacks that couldn’t even play for Lake Travis. That’s where our relationship stalled out.”

On one hand, it utterly boggles the mind why Texas would decline a successful high school quarterback willing to pay his own way on to the team, especially considering the state of the position at the time. On the other, one would see why Mack Brown‘s staff would pass on a kid with only an offer from FAU who says UT’s quarterbacks couldn’t start for his high school team.

Instead, Texas signed Tyrone Swoopes and Mayfield enrolled at Texas Tech. He won the starting job as a true freshman, transferred to Oklahoma, walked on and then won the starting job there.

And now he’s set to face the hometown team he at one time wished he could play for.

Mayfield has completed 88-of-135 throws for 1,382 yards with 13 touchdowns and three interceptions – good for a 178.52 passer rating, which ranks fifth nationally – while adding 138 yards and four scores on the ground. His counterpart, redshirt freshman Jerrod Heard, has connected on 42-of-76 passes for 661 yards with two touchdowns and two interceptions (131.74 passer rating) to go with a team-leading 67 carries for 318 yards and three touchdowns.

“As perverse as all this has been, he’s where he wanted to be,” James Mayfield said. “He’s living his dream. If he had to do it all over again, he’d do it, with the same outcome.”

Appalachian State announces five-year extension for head coach Scott Satterfield

Scott Satterfield
Associated Press

One day after it was revealed its head coach was the second-lowest paid in college football, Appalachian State announced a five-year contract extension for head coach Scott Satterfield.

“We have the right coach leading our football program in Scott Satterfield,” Appalachian State AD Doug Gillin said in a statement. “In nearly three years as head coach, he has stayed true to his convictions, built the program the right way and set Appalachian State football up for sustainable success both in the Sun Belt Conference and at the national level.”


Satterfield had earned $375,000 annually, ahead of only Louisiana-Monroe’s Todd Berry at $360,000 a year.

Satterfield, 42, is 14-14 in his third season at the Boone, N.C., school. He led the Mountaineers to a 7-5 mark in their debut Sun Belt season, and has the club at 3-1 to start the 2015 campaign.

“It’s exciting for my family and me to know that we’re going to be at Appalachian for the foreseeable future,” Satterfield added. “I’m living a dream by being the head coach at my alma mater and can’t wait to continue to work hard to help this program reach heights that it has never reached before.”