Updated: Tommy Tuberville listed in fraud lawsuit

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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.”

Yikes.

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) 

Eastern Michigan extends Chris Creighton through 2022

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Eastern Michigan has extended head coach Chris Creighton through 2022, the school has announced.

“I feel as though we have made progress all the way through,” Creighton said in a statement. “The vision of making the football program a real source of pride for the department, the university, the alumni, we are making progress, but that vision has not been realized yet.

“So I’m really excited about our program and the Championship Building Plan. There is a lot of momentum going on right now.”

Creighton is 10-27 in three seasons as the Eagles’ head coach, but that mark obscures the progress EMU made in his third season. After starting 3-21, Eastern Michigan rocketed to a 7-6 mark in 2016 with a Bahamas Bowl trip, the school’s first postseason appearance since 1987.

The new deal raises Creighton’s base salary by 2.5 percent, according to MLive. He made a total of $434,840 in 2016, according to the USA Today coaching salary database.

Beer sales approved for Marshall home football games

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Let the beer taps start flowing at the next home Marshall football game. The University announced today that beer sales at Joan C. Edwards Stadium have been approved by the Board of Governors starting this fall.

This is the latest decision in an evolving stance on alcohol sales at Marshall. Last year, the school began expanding the sale of alcoholic beverages such as beer and wine from the Big Green Room to chairback seating. Now, the majority of fans attending a football game in Huntington will be able to purchase alcohol. The expanded alcohol sales plan will help to build the infrastructure of Marshall’s facilities moving forward.

“This is a continuation of our goal to provide more amenities for our fan base that makes attending Marshall Football games a more enjoyable experience,” Director of Athletics Mike Hamrick said in a released statement. “We have played a lot of winning football in our stadium over the past five years and we have great opponents such as Pittsburgh, Boise State, North Carolina State, and Navy just to name a few over the next five years, and it is imperative that the investment in our fan experience matches our football brand.”

Marshall will keep some sections of the football stadium free of alcohol for those fans who wish not to be near the booze-loaded fans.

The announcement was coupled with some other stadium news regarding the future renovation plans for the football stadium.  Construction on the west side of the stadium should be completed by August, in time for the start of the 2017 college football season. The southwest side of the stadium will have a new retail location for fans.

Suspended Oklahoma DB Will Sunderland turns himself in for felony burglarly charge

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Days after an arrest warrant was issued, Oklahoma defensive back Will Sunderland turned himself over to authorities. According to The Oklahoman, Sunderland turned himself in on Tuesday and has since been released after posting a bond of $5,000. He was charged with second-degree burglary, a felony.

Sunderland will have to appear in court at a date to be determined. In the meantime, he remains suspended from the Sooners and all football activities under new head coach Lincoln Riley.

According to previous reports, Sunderland is accused of selling an XBox One and PlayStation 4, accessories and games to an electronics store in Oklahoma City for nearly $500. The merchandise reportedly was stolen from an Oklahoma dorm in March and sold later the same day.

Sunderland previously turned himself in for the misdemeanor charge for the stolen property. He does have a court date scheduled for the misdemeanor charge of possessing stolen property set for July 20.

Notre Dame to travel to Northwestern for first time in 40 years in 2018

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When news hit that Northwestern was going to host Notre Dame for a football game, you can be excused for automatically thinking the game would be transplanted to Soldier Field in Chicago. But the Wildcats will get the chance to entertain the Fighting Irish in Evanston for the first time in 40 years when Notre Dame comes to Northwestern’s campus in 2018.

Northwestern is scheduled to host Notre Dame on November 3, 2018, as locked in and confirmed by Northwestern’s 2018 schedule today. the last time Notre Dame played at Northwestern was in 1976. There have been five meetings between the two schools since, including two games played in Chicago. Notre Dame’s last win against Northwestern was in 1994, in Chicago.

For the Wildcats, it should be a loaded home schedule in 2018 that also includes home games against Duke from the ACC, division foes Wisconsin and Nebraska, in-state rival Illinois, and Michigan.

Northwestern has a two-game winning streak in the series with Notre Dame, including a 43-40 overtime victory in South Bend, Indiana in 2014.