CBS 11 Header TXA 21 Header MeTV Header KRLD Header The Fan Header

College Sports

Texas Tech Coach Accused Of Investment Fraud

View Comments
College Sports College Sports
Read More

Sports Fan Insider

Keep up with your favorite teams and athletes with daily updates.
Sign Up

From Our CBS Music Web Sites

186152214 Texas Tech Coach Accused Of Investment Fraud JIM GAFFIGAN, "My kids have never eaten Hot Pockets

181572784 8 Texas Tech Coach Accused Of Investment Fraud Funny Faced Cheerleaders

 alt=Musicians Then And Now

455079896 Texas Tech Coach Accused Of Investment Fraud WATCH: Iggy Azalea & JLO's Booty Battle

 alt=Remembering Jimi Hendrix 44 Years Later

cowb thumb Texas Tech Coach Accused Of Investment Fraud Cowboys Cheerleaders

LUBBOCK (AP) – Texas Tech coach Tommy Tuberville is being accused of defrauding investors out of more $1.7 million in Alabama following his tenure at Auburn.

A federal lawsuit filed Friday in Montgomery, Ala., names Tuberville, John David Stroud and eight investment entities as defendants, claiming the two men “employed devices, schemes, and artifices to defraud” seven plaintiffs from Arkansas, Alabama and Tennessee.

The suit says Tuberville and Stroud misappropriated assets, and falsified client statements and fund performance reports as they “unjustly enriched themselves” at the expense of the investors.

Tuberville, who spent two seasons away from coaching after leaving Auburn in 2008, did not immediately return a message left with Texas Tech seeking comment.

(Copyright 2012 by The Associated Press. All Rights Reserved.)

Also Check Out:

 

View Comments