Tuesday, July 19, 2011

The Most Disturbing AAU Story I've Seen in at Least a Week

Sport Illustrated's Pablo Torre has this story about Houston based AAU Coach J. David Salinas that has to make basketball fans (and NCAA investigators) stand up and take notice. Mr. Salinas died Sunday in an apparent suicide "amid an months-long investigation into his businesses by the U.S. Securities and Exchange Commission" related to an alleged ponzi scheme being investigated by federal authorities. Here's how this related to sports: Salinas was the founder of the Houston Select AAU basketball program. But that's not the shocking part, the shocking part is this: at the time of his death "More than a dozen current and former college coaches -- including Texas Tech's Billy Gillispie, Arizona's Lute Olson, Baylor's Scott Drew and Gonzaga's Mark Few -- [had investments with Mr. Salinas, and] are believed to have lost investments most recently valued at over $7.8 million." Call me crazy, but this seems to be a situation replete with both smoke and fire.

No comments: