Texas Tech v Texas

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) 

Jay Norvell reportedly set to be named head coach at Nevada

Jay Norvell, Jerrod Heard
Associated Press
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Yet another FBS opening is reportedly on the verge of being closed.

According to a report from FootballScoop.com, Jay Norvell “will be the next head coach at Nevada.” The Reno Gazette-Journal writes that “Norvell, the third and final candidate to interview for the Wolf Pack football head-coaching vacancy, was so impressive he didn’t even leave Reno before being offered the job, which he quickly accepted.” Norvell was offered the job late Wednesday night.

The other two interviewed were Eastern Washington head coach Beau Baldwin and Vanderbilt offensive coordinator Andy Ludwig. The former interviewed Monday, the latter Tuesday.

If/when hired, Norvell would replace Brian Polian, who “mutually parted ways” with the football program last month after four seasons. This would be Norvell’s first head-coaching job at any level.

Norvell just completed his first regular season as an assistant on Todd Graham‘s Arizona State coaching staff.  With the Sun Devils, Norvell served as wide receivers coach and passing game coordinator.

Norvell has spent most of his nearly three decades in coaching at Power Five programs, with stops that included Texas (2015), Oklahoma (2008-14), UCLA (2007), Nebraska (2004-06), Iowa State (1995-97), Wisconsin (1989-94) and Iowa (1986-87).  He also spent six seasons as an assistant in the NFL — 1998-2001 as the wide receivers coach of the Indianapolis Colts, 2002-03 as tight ends coach of the Oakland Raiders.

Jim Harbaugh is looking forward to seeing Chief Osceola and Renegade at the Orange Bowl

TALLAHASSEE, FL - SEPTEMBER 15:  Chief Osceola, mascot of the Florida State Seminoles plants a spear at midfield prior to a game against the Wake Forest Demon Deacons at Doak Campbell Stadium on September 15, 2012 in Tallahassee, Florida.  (Photo by Stacy Revere/Getty Images)
Photo by Stacy Revere/Getty Images
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Michigan head coach Jim Harbaugh and Florida State head coach Jimbo Fisher got together for a joint press conference in Miami today as the two coaches prepare to face one another in the Orange Bowl on December 30. Harbaugh said he is looking forward to the matchup but seemed to be much more interested in getting a chance to witness one of the pregame traditions of Florida State; Chief Osceola riding on Renegade and planting a spear in the turf.

“I’ve never been to a game at Florida State,” Harbaugh said. “I’ve always wanted to go there and see what that atmosphere was like in person. This will be as close as I’ve ever been to that. I’m excited for that. I know I’m going to get some chills when that Appaloosa comes riding out there.”

Of course, this isn’t exactly a home game for the Seminoles, so sometimes pregame traditions are put on ice for the bowl season. Knowing this, Harbaugh made his case and made sure everyone listening knows just how cool he thinks it is.

“I want to see that. That’s one of the cool things,” Harbaugh said. “We have cool things and other teams have cool things, but that is right up there as one of the coolest things.”

Fortunately for Harbaugh, he will indeed get a chance to witness this pregame routine in person. Florida State Associate Athletics Director Jason Dennard said on Twitter Chief Osceola and Renegade will make the trip to Miami from Tallahassee.

Houston reportedly closing in on a head coach; Kiffin and Miles still being considered

TUSCALOOSA, AL - APRIL 18:  Offensive coordinator Lane Kiffin of the Alabama Crimson Tide watches action prior to the University of Alabama A Day spring game at Bryant-Denny Stadium on April 18, 2015 in Tuscaloosa, Alabama.  (Photo by Stacy Revere/Getty Images)
Photo by Stacy Revere/Getty Images
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The Houston Cougars are reportedly hoping to have a new head coach named as soon as this coming weekend. As expected, Alabama offensive coordinator Lane Kiffin and former LSU head coach Les Miles are among the final candidates being considered for the job.

One candidate no longer to be in the mix, according to a report from Joseph Duarte of The Houston Chronicle, is Oklahoma offensive coordinator Lincoln Riley. That should be good news for Oklahoma, as it likely means Riley will be back in Norman for at least one more season to run the offense (and with Baker Mayfield coming back for 2017, the Sooners offense should continue to rack up some big numbers).

As noted by Duarte, five total candidates were vetted by Houston for the head coaching job. Kiffin, Miles and interim Houston coach Todd Orlando and offensive coordinator Major Applewhite along with Riley all were checked by the university as a decision is approaching.

KD Cannon promised Matt Rhule Baylor will beat Boise State in Cactus Bowl

WACO, TX - SEPTEMBER 12:  KD Cannon #9 of the Baylor Bears at McLane Stadium on September 12, 2015 in Waco, Texas.  (Photo by Ronald Martinez/Getty Images)
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Baylor introduced new head coach Matt Rhule in a press conference setting today, and it would seem Rhule has already gotten some opportunities to speak to his new players in Waco. One player in particular delivered a promise to the new Bears head coach. Baylor wide receiver KD Cannon reportedly made a bowl game guarantee to Rhule.

Baylor started the season with a 6-0 record but dropped their last six games to enter the bowl season at just 6-6. The Broncos of Boise State finished the season with a 10-2 record and second in the Mountain Division behind Wyoming in the Mountain West Conference. Boise State has won six bowl game sin the last seven seasons between head coaches Chris Petersen (now at Washington) and Bryan Harsin.

Personally, I’m still trying to figure out how many people thought pairing Boise State and Baylor in a bowl game would be a good idea, considering the unfortunate story surrounding former Boise State and Baylor player Sam Ukwuachu. We can focus plenty on the non-controversial stuff leading up to the Cactus Bowl, but that is one story that cannot be totally overlooked either, especially given the current state of the Baylor football program.

Baylor and Boise State have never faced each other in football. The two will play in the Cactus Bowl in Chase Field in Phoenix, Arizona on Tuesday, Dec. 27.