Monday, 4 May 2015
Last updated 6 hours ago
Oct 11 2013 | 9:05am ET
Prominent college football coach Tommy Tuberville has settled a lawsuit accusing him of defrauding investors in a hedge fund.
The investors in TS Capital Partners had sought more than $1.7 million from the University of Cincinnati coach, alleging that he and partner John David Stroud misled them and used the hedge fund as something of a personal piggy bank. Tuberville has denied any wrongdoing and claimed that he was a victim of the scam, as well.
Stroud pleaded guilty to running a Ponzi scheme at the firm in August, and has said that Tuberville, who was not charged, had nothing to do with its operations. Stroud was sentenced to 10 years in prison.
A lawyer for Tuberville told the Associated Press that following Stroud's guilty plea, it was "in everybody's best interests to resolve the disputes."
Terms of the settlement were not disclosed. A federal judge approved the deal on Tuesday.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…