Texas Tech v Texas

Updated: Tommy Tuberville listed in fraud lawsuit

12 Comments

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) 

Baylor QB Seth Russell responds to Briles firing in Instagram post

Seth Russell
Getty Images
Leave a comment

Baylor quarterback Seth Russell has been on a mission trip with other Bears athletes to Brazil, and he returns from his South American voyage to a much different program than he left behind.

Head coach Art Briles is gone. So, too, are two of Baylor’s top incoming freshmen. More coaches and players may follow.

As QB1, Russell had to address the goings on in Waco one way or another, and did so Saturday in an Instagram post that speaks to the Bears’ crisis without really speaking to it while quoting — who else? — Robert Griffin III.

What an amazing experience these past few weeks have been. I, and 33 other Baylor student-athletes, have spent the last two weeks in Brazil sharing God’s love and pouring into children from Maceio and Rio de Janeiro. Through our sports, we were able to share our faith in hopes of changing lives, not just others, but our own as well. I can’t thank all who helped make this mission trip possible enough. I am forever grateful for my time spent growing with others, and ultimately growing with the Lord.

As we head back to Waco, I can’t help but think of all that has changed since we first left for South America. Although I was in a different hemisphere, the heartache was still immensely present. However, being in the environment I was, the Lord was easily able to remind me of how great He is.
We are broken. We are hurting.
But at the end of the day, we are His. With that gift alone, there is no reason to not overcome through these hard times.

My prayers for Baylor University are that we never forget that we need God as desperately on our best days as we do on our worst. We will overcome. We will become stronger. We will be who God has allowed us to be.

Baylor we are and Baylor we’ll always be, but it’s up to us to define what that means-RGIII

What an amazing experience these past few weeks have been. I, and 33 other Baylor student-athletes, have spent the last two weeks in Brazil sharing God’s love and pouring into children from Maceio and Rio de Janeiro. Through our sports, we were able to share our faith in hopes of changing lives, not just others, but our own as well. I can’t thank all who helped make this mission trip possible enough. I am forever grateful for my time spent growing with others, and ultimately growing with the Lord. As we head back to Waco, I can’t help but think of all that has changed since we first left for South America. Although I was in a different hemisphere, the heartache was still immensely present. However, being in the environment I was, the Lord was easily able to remind me of how great He is. We are broken. We are hurting. But at the end of the day, we are His. With that gift alone, there is no reason to not overcome through these hard times. My prayers for Baylor University are that we never forget that we need God as desperately on our best days as we do on our worst. We will overcome. We will become stronger. We will be who God has allowed us to be. Baylor we are and Baylor we’ll always be, but it’s up to us to define what that means-RGIII

A photo posted by Seth Russell (@sethrussell17) on May 28, 2016 at 7:16am PDT

//platform.instagram.com/en_US/embeds.js

Russell started Baylor’s first seven games — all wins — before a broken neck bone suffered in a collision against Iowa State ended his season. He completed 119-of-200 passes for 2,104 yards (10.5 yards per attempt) with 29 touchdowns and six interceptions while rushing 49 times for 402 yards and six scores.

Houston Nutt steps out of the shadows following Ole Miss Notice of Allegations

Nutt
Getty Images
3 Comments

Ole Miss dropped its long-awaited Notice of Allegations, which revealed the spin of the majority of the 28 allegations being against non-football sports and former head coach Houston Nutt‘s staff to be technically true but also just that — spin.

Of the 13 allegations against the Rebels’ football program, nine came against current head coach Hugh Freeze and his staff. However, the majority of those were relatively minor in nature (free rental cars, comped hotel rooms), and the largest did come against two former assistants. Former defensive backs coach Chris Vaughn and former operations staffer David Saunders were accused of setting up a fraudulent ACT system to get players into school.

“We usually know about who is going to make it in by May,” Nutt said of the players whom those ACTs got into school. “We were gonna place them in junior college.”

Still, Nutt told Bruce Feldman of Fox Sports he felt a twinge of validation from Friday’s release.

“It’s the most frustrating thing there is,” Nutt said, “to be on the sidelines and hear your name keep getting mentioned and mentioned. It’s hurtful. It makes you mad.

“I don’t have a major violation in 30 years of coaching.”

Nutt won 75 games at Arkansas and led Ole Miss to a 19-8 mark and back-to-back Cotton Bowl victories in his first two seasons in Oxford — read: with Ed Orgeron‘s players — and fell to 6-18 (1-15 SEC) in his final two seasons. That, plus the sting of these violations falling on his record, is likely to continue to keep Nutt out of coaching — at least at the highest levels of FBS.

Still, he remains optimistic.

“I’m going on five years without a team,” he said. “There were a few opportunities I went after. I’d love to coach again. I feel like I’ve got 10 more seasons in me.”

Former Texas Tech OL Robert Castaneda arrested on burglary charge

STILLWATER, OK - SEPTEMBER 25:   The Texas Tech Red Raiders flag flies outside the stadium before the game against the Oklahoma State Cowboys September 25, 2014 at Boone Pickens Stadium in Stillwater, Oklahoma. The Cowboys defeated the Red Raiders 45-35.  (Photo by Brett Deering/Getty Images)
Getty Images
Leave a comment

Former Texas Tech offensive lineman Robert Castaneda was arrested Friday in Lubbock, Texas, jail for burglary of a habitation.

Bond was set at $5,000 but he was out of jail within four hours of booking according to the Lubbock Avalanche-Journal.

A three-star prospect out of Round Rock, Texas, Casteneda redshirted in 2014 and appeared in all 13 games as a reserve last fall before being kicked off the team May 5 for “failure to uphold student-athlete expectations.”

Sophomore linebacker Dakota Allen and redshirt freshman offensive tackle Trace Ellison were also dismissed at that time.

Sun Belt adds affiliation with Arizona Bowl

Sun Belt Logo
Getty Images
1 Comment

The Sun Belt is consolidating its membership to the south and east, but its postseason profile has struck far out west.

The conference has announced an affiliation with the Arizona Bowl, bringing the New Orleans-based league’s bowl roster to five.

The inaugural Arizona Bowl infamously could not find two conferences to pit against each other, so Nevada and Colorado State faced off in an all-Mountain West affair. That embarrassing scenario will be avoided moving forward as the Sun Belt will play opposite the Mountain West from 2016-19.

The 2016 Nova Home Loans Arizona Bowl will be played on Dec. 30. Time is still to be determined, but organizers think an afternoon kick will lead to a better experience. “If you were at the game last year, the suites were packed,” bowl organizer Ali J. Farhang told the Tucson Citizen. “It was warm and comfortable. If we can get that kind of environment in the stadium too …”

The 2015 game kicked at 5:30 p.m. local time, with a temperature of 44 degrees. This year’s game will kick off between 2 p.m. and 4 p.m.