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) 

Win over Grambling approved, Cal officially becomes bowl eligible

Jared Goff
Associated Press
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Earlier today we had the report that Cal, they of the normally bowl-eligible six wins on the season, were not actually bowl eligible. The hang up was due to some NCAA red tape on how many scholarships Grambling, a 73-14 victim to the Bears on opening Saturday, had actually awarded this year.

Why the number of scholarships awarded by an opponent of a 6-5 team could determine what glorified exhibition said 6-5 could or could not play is a matter for another time, but the fact is it mattered.

But according to a report from Kevin Gemmell of ESPN.com, the Bears received approval to count the win toward their total, meaning Sonny Dykes and company will go bowling for the first time since 2011.

“We have conferred with both Grambling and the NCAA,” Cal spokesman Wes Mallette told ESPN. “As anticipated, Grambling has confirmed their football program has met the 90 percent financial aid requirement over the rolling two-year average. Therefore, Cal football’s win over Grambling counts toward bowl eligibility. Cal football is bowl eligible.”

The Bears have a chance to become bowl eligible the old fashioned way with a win over Arizona State Saturday in Berkeley.


Tulane reportedly set to fire head coach Curtis Johnson

Curtis Johnson
Associated Press
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The end of the college football regular season brings with it bowl bids, conference championship entries and rivalry games. Along the way, though, come end-of-season firings. So many end of-season firings.

According to a report from Dan Wolken of USA Today Wednesday night, the first one is already on the books. Or at least close to it.

Wolken reports Tulane is set to part ways with head coach Curtis Johnson following the Green Wave’s Friday finale against Tulsa “barring a last-minute change of direction.”

Johnson is 15-33 in nearly four complete seasons at Tulane, reaching a high point of a 7-6 mark wtih a New Orleans Bowl appearance in 2013 but winning two, three and three games in his other three campaigns.

If and when the move becomes official, Tulane will become the 15th FBS school to change head coaches this season, matching the total number of changes during the 2014-15 cycle.

Wolken reports Tulane will hire a new athletics director within the next week, and once that hiring is complete the school will then embark on hiring Johnson’s replacement.

Reports: Michigan DC D.J. Durkin a “strong candidate” for Maryland vacancy

D.J. Durkin
Associated Press

Michigan defensive coordinator D.J. Durkin has emerged a “strong candidate” for the Maryland job, according to reports from Yahoo‘s Pat Forde and Fox Sports’ Bruce Feldman Wednesday.

“Durkin, 37, met recently with Maryland officials, sources said,” Forde wrote. “No job offer was made, but the interview went well, sources said.”

Added Feldman:

Durkin is in his first season as Michigan’s defensive coordinator, helping the 9-2 Wolverines jump from 14th to third nationally in yards per play allowed (4.77 to 4.15) and 27th to sixth in scoring defense (22.4 to 14.9).

Prior to working on Jim Harbaugh‘s staff, Durkin served as Will Muschamp‘s defensive coordinator at Florida for two years, and as his special teams coordinator for two years before that. He previously worked at Stanford, Bowling Green (his alma mater) and Notre Dame.

Should he be offered and accept the job, Durkin would immediately become Big Ten East rivals with his mentor Harbaugh.

“This week is so important to our guys, my 100% focus is on this game and our players — that’s what this profession is all about. You’ve got to make sure you’re taking care of the job you have week in and week out. It’s a tough task, especially with this team we have this week,” Durkin told the Detroit Free Press when asked about the reports.

“My goal is to get the best game plan possible together for Ohio State and have our guys go play well. To answer rumors or speculation right now and put something to it, my total focus is 100% on Ohio State and nothing else.”

Illini to decide on fate of interim head coach Bill Cubit by Sunday

Bill Cubit
Associated Press

Illinois will decide whether or not to retain interim head coach Bill Cubit for the full-time job by Sunday, interim AD Paul Kowalczyk told WSKJ-FM Wednesday.

“We need to make that call and figure out which way we’re going for everyone’s sake,” Kowalczyk said, via the Chicago Tribune. “For me, it’s posthaste.”

Illinois closes its regular season Saturday against No. 16 Northwestern in Champaign. The Illini are 5-6 on the year and, for what it’s worth, Cubit desperately wants the job.

Also worth noting: the athletics department is operating under a total state of dysfunction in the wake of AD Mike Thomas‘s firing.

From 670 The Score in Chicago on Wednesday:

Sources tell 670 The Score that as overwhelmed university officials are dithering and providing little guidance, the group of trustees, boosters and alums left to run things can’t yet agree on much.  Some want to hire a search firm with a spotty recent track record, others want to form their own search committee, while another faction thinks they need to act faster by using their own contacts to target specific AD and coaching candidates right now and just get moving.

Any support for retaining Bill Cubit is getting strong push-back from those who don’t believe he wasn’t aware of Tim Beckman’s aberrant behavior, and from some who feel strongly about making a more dynamic hire.

For those keeping score at home: Illinois is dealing with a power vacuum of trustees, boosters and alums battling for control while an interim chancellor and interim athletics director work to reach a resolution on an interim football coach.

And the coaching carousel starts spinning in full four days from now.