LUBBOCK (AP) – A business partner of Texas Tech coach Tommy Tuberville denies the coach was involved in dealings that led to a lawsuit by investors who allege he defrauded them out of more than $1.7 million.
Tuberville and John David Stroud cofounded TS Capital Management in Alabama while Tuberville was coaching at Auburn. A federal lawsuit filed Friday in Montgomery, Ala., names Tuberville, 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.
In a statement issued to the Lubbock Avalanche-Journal by his attorney Wednesday, Stroud not only denied any wrongdoing but said Tuberville wasn’t involved in the day-to-day operations of the company and didn’t solicit the plaintiffs to invest.
Tuberville has denied any wrongdoing.
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